Just thought I should share a little automator workflow I put together for converting to .caf files. Basically it is a shell script with an icon, so you can stick it in the applications folder or in the dock, easy access.
Make sure to run it in 32-bit mode though, it does not seem to behave otherwise.
http://www.humbletune.com/kinetic/kineticcafconverter.zip
Take care sparrows!
ERik