I had the same problem today when trying to record live streaming video from
as mentioned here:
Problem with Ustream
Two weeks ago it worked just fine. I had trouble today so I downloaded and installed the newest version and still had the same problem. I got an error message saying ' cannot connect audio to wave parser' with both versions. I purchased the program because the Replay Media Catcher didn't capture these types of video. Now I can't do it with this program either. I am using Win XP Pro XP3. I am using the Universal Audio driver as I have always done. I tried stating RVC before opening Firefox but that didn't help either.