Balabolka is a Russian word =chatty!

Balabolka is a Text-To-Speech (TTS) program. Any speech file can be read by Balabolka or on-screen text can be saved as a WAV, MP3, MP4, OGG or WMA file. The program can read clipboard content, text from DOC, EPUB, FB2, HTML, ODT, PDF and RTF files. You can customize font and background colour and control reading from the system tray or by the global hotkeys.
Balabolka uses many versions of Microsoft Speech API (SAPI); it allows you to alter the voice’s parameters, including rate and pitch. The user can apply a special substitution list to improve the quality of the voice’s articulation. This feature is useful when you want to change the spelling of words.

You can save the synchronized text in external LRC files or in MP3 tags. When an audio file is played, the text is displayed at the same time.