Yes Its Absolutely reduce you download limit
here is simple calculation
If you listening 128Kbps streaming. that means your PC transfer 128 Kilo byte data per second.
If you listen it for 1 minute (60 Seconds)
128 Kb X 60 Sec.= 7680 Kb (7.5 MB)
It takes 7.5 MB data transfer to listen 1 minute...
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