The train has not been resolved quite yet I've written to the original publisher of the Max tutorial and explained the situation asked them to get back to me if they have any problems with a Lightwave version of the same tutorial. They did get back to me straight away saying they would look into it.
That was two weeks ago and so far I have not heard back from them I shall wright and ask again.
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In the mean time here is a quick look at some of the shots form out new Lightwave Dynamics tutorial everything is pretty rough right now but we are getting there.
SimplyLightwave Preview 01 - YouTube
This tutorial will be a fairly comprehensive 10 hour ish look at the bullet dynamics system in Lightwave