BTW, another software package that uses EVE as their dongle needed a swap to a 64 bit version. Is this a related issue?
Info from the web:
Rainbow Eve3 Dongles: Exchange Needed for 64-bit Cocoa LightWave
LightWave 3D v9.6.1 brings both 32-bit and 64-bit Mac support to LightWave users for the first time. One of the issues that users will need to be aware of is that only the Sentinel framework is provided for 64-bit operation, because SafeNet does not have plans to port the Eve3 Framework, which is required for the Mac-only Eve3 USB Dongles. If you have an Eve3 USB dongle and you plan to use the 64-bit version of v9.6.1, you will need to exchange it for the current Sentinel Ultrapro Dongle. This same issue will also affect LightWave CORE if you are planning to upgrade - CORE will use only the Sentinel driver for both the 32-bit and 64-bit Mac versions.
You can determine if you have an Eve3 dongle by checking the engraved logo on the top, where it will say Rainbow/Eve3.