I finally broke down and paid the 19.95 to unlock the LAME encoder. I've been doing a PODCast for a clients project, we talk about the music as it is developed and recorded, and tried to use the LAME encoder. It had sooooooooooooo many artifacts, it was seriously painful to listen to. Unless I encode at 16bit, 128K, it sucked.
I went back to sound forge, which sounds better than the LAME encoder at its highest, at 64 bit. Blows it away at 80. What am I doing wrong or is there another encoder available from Cakewalk for S5 PE?