RKILCOYNE Works as advertised! I'm using it with a WS-2316 I picked up from Costco for my Wife as a Christmas gift.
All I had to do was head to the FTDI website to download the OSX virtual serial port usb interface driver. (http://www.ftdichip.com/Drivers/VCP.htm) Once I installed this driver, rebooted, and fired up LWC, readings were retrieved immediately from the WS-2316.
One enhancement request: Export data as XML so users can incorporate data into their own Web pages. While it works VERY well, the Web page generator included with this product creates circa 1997 HTML.
(Version 0.0.1pre1)