I came across this info in another forum. The Jimmy Rigger is about to be released - July 15th. This works with Lightwave and looks like it integrates easily.
idk, I posted this on the first vid, but i dont see that working great for most scenarios (there is always some issue). Also (and if it showed it in the last two videos, I didnt watch them) but I'm not sure low poly models would do to goo by this.