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FYI, squeezebox is a nickname for the accordion going back decades before internet streaming.

For example, in 1975, The Who released the song "Squeeze Box" (https://www.youtube.com/watch?v=4n02PD18cFs).

I recommend you re-listen to that song for their meaning of Squeezebox

edit: I looked it up and the Who claims there was no double-entendre; I call BS (https://en.wikipedia.org/wiki/Squeeze_Box_(song))

There may be (at least officially) no double entendre intended, but of course you're far from the only one to have heard it.

I assumed it was some sort of accordion-like keyboard that was partially air-powered.

I didn't expect it to be actually air powered. I did expect it to have two vertical surfaces with keys on either side of a central structure, possibly flexed in and out slightly as a modifier key.

I was just reminded of Logitech Squeezebox. Might have a naming conflict.