No probs.

Here are some simple (I hope) directions for newer modders to generate LIP files with the old CS EXE used in conjunction with the new CS (as this thread is getting linked to):
1) You should have the new CS open already with your line of dialog open that you need to generate LIP for.
2) Launch the old TESConstructionSet1.exe or whatever you named it to. Note that Help->About will still show the installed version as 1.2.404 because this version number is coming from elsewhere. You can have more than one Construction Set open at once by editing My Documents\My Games\Oblivion\ConstructionSet.ini and setting
bAllowMultipleEditors=13) Go under File->Data and select Oblivion.esm and load it.
4) Go into Dialog and find any line of dialog and open it by double-clicking.
5) Note the Voice Filename. Although it's greyed-out, it can be copied. Highlight, copy with Ctrl-C.
6) Find your WAV file (should be 44.1kHz/16kbps/Mono) and rename it (click it, press F2, select existing name except for .WAV and paste the copied name overtop, press Enter... make sure it still keeps the .WAV extension.)
7) Below the Voice Filename is a list of all races/genders that have this line of dialog. Note the Path in the first one.
8) Move the WAV file into this path. You may have to create folders if you haven't done this before. Default dialog is in Oblivion\Data\Sound\Voice\Oblivion.esm\ and then the subfolders for the races and genders. So for example, if you have no Sound folder in Data and you want to use a male Nord existing dialog, you will have to create the following folders inside each other starting at your Data folder: Sound->Voice->Oblivion.esm->Nord->M and then place your WAV file in the M folder.
9) Edit the Response Text to be what the dialog in the WAV file actually is (it needs this to be the same to lipsynch it properly.)
10) Click OK to save the change.
11) Double-click the same line of dialog again to reopen it.
12) Now click the "From WAV" radio button near the bottom and the "Generate Lip File" button should activate.
13) Click this button and ensure a LIP file appears in the path that your WAV file was moved to.
14) Switch over to the new CS and copy the Voice Filename as above, and rename the generated LIP file to this keeping the .LIP extension.
15) Move the .LIP file to the folder indicated by the Path in your new line of dialog.
16) The lipsynch should now work. The .LIP file is stand-alone so you don't have to save any changes in your old CS session; just End Process it (or use b3w4r3's tip of creating a new script and saving it blank to get an error and then click "No" to terminate the CS instantly.)