there should b a way to save your favorite beats from other wb users, lets say t.i makes a beat and im like, man dis ish is bangin, i should b able 2 fav it and in a list on my profile is all my fav beats. it could even work it's way into the beat feedback u kno, most fav's ya feel me.

Yup I believe this has been suggested before.

It is definitely a good idea, and I believe it will be implemented in due time.