YES I GOT IT TO WORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You are correct, you need 2.2.2 to get the actual program on your computer.
After watching Ultra's video he made when that version came out I skipped through the scary error messages and towards the end he said to get the LSU converter to work you need to place in in the C:\program files\ultra saber folder so I put LSU_converter.exe in my C:\Program Files (x86)\UltraSabers\Obsidian Launcher folder.
It still didn't work.
LSU_ave some error that said something about an unregistered comdlg32.ocx file.... off to Google I went.
Turns out those types of files are Active X files (
http://support.microsoft.com/en-us/kb/146219) and Windows can register them manually!!
Score!!
Go to the 2.2.2 folder and unzip obsidianusb.CAB. Inside that folder should be the file comdlg32.ocx.
For the next step you need to open a command prompt as an admin (
http://www.bleepingcomputer.com/tutorials/windows-elevated-command-prompt/) then navigate to the obsidianusb folder inside the 2.2.2 folder.
In the command prompt type "cd C:\Users\Dustin\Downloads\v2.2.2\obsidianusb" where "Dustin" is your username.
Next type Regsvr32 comdlg32.ocx. A pop up should say DllRegisterServer in comdlg32.ocx succeeded.
Now try to launch the LSU_converter.exe ... mine still didn't work. Gave an error about missing ultrasabers_small.bmp being in C:\Program Files (x86)\UltraSabers\Obsidian Launcher.
Dang... but wait!!! inside the the obsidianusb folder in the 2.2.2 folder is a file called ulstrasabers_small.bmp. I just put it inside C:\Program Files (x86)\UltraSabers\Obsidian Launcher and viola!
It totally worked!! I just downloaded an mp3 from youtube and converted it using audacity and LSU_converter.exe!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So now I have 3.2.2 with the LSU_converter.
Enjoy guys
. I'm headed to bed. g'night. MTFBWY.