My first toe was dipped into wavlake. I simply renamed my artist to "Matt Finlay (Wavlake)" and started doing DeMu. I'll take wavlake offline when I get around to it.
I use new.musicsideproject.com
@Music Side Project 2.0 to create the feed XML files. Yes, just put all the files on my website. You might be able to view the download stats if that's available on your host/site. Not as nice as wavlake - there's probably better reporting options but I haven't looked into it.