Streaming audio through the Bluetooth bee

The datasheet for the bluetooth module that is onboard the bluetooth shield has some information pertaining to exactly what you have described above…

2.Feature
Radio Transceiver
Typical –80dBm sensitivity
Up to +4dBm RF transmit power with power level control
Fully Qualified Bluetooth V2.0+EDR(Enhanced Data Rate) 2Mbps Modulation
Integrated 15-bit Linear 8KHz Sample Frequency Audio CODEC in one chip
Internal 6Mbit ROM
Low Power 1.8V Operation
Integrated Switch-Mode Regulator (DC To DC)
Integrated Battery Charger With Programmable Current
PIO control
Standard HCI(UART or USB)
4.2V Tolerant LED Drivers With Intensity Control
UART interface with programmable baud rate
Basic module without antenna
Basic module as SMD type
With Audio Out & Audio in
Package option
Edge connector

  1. Summary of Benefit
    Complete Bluetooth Solution
    Complete 2.4GHz radio transceiver and baseband
    CSR Bluecore 04-Audio ROM, single chip bluetooth system with CMOS technology
    Adaptive frequency hopping feature (AFH)
    Smallest footprint, 27mmX13mm
    Simplify overall design/development cycle
    Full speed Class 2 bluetooth operation
    Class I support using external power amplifier
    Low power standby modes to enable high efficient power management
    High performance radio transceiverz Low overall system cost
    Application
    Mouse
    Automotive Hands-Free Kits
    Cordless headsets
    Software
    Support CSR bluetooth stack
    Design for Client

You can view more at the following link
seeedstudio.com/wiki/images/ … module.pdf