You can read more about the installation error here...
[Link: remotecentral.com]

The PENG software is just slower than PE4. With a large PCF (800K) it takes PENG around 16 seconds to open on my computer and the simulator takes 45 seconds. This is on a computor with 2 gig processor and 768 of memory.

As for the buttons beeping, I can't hear those type of sounds so I'm no help there.

You can open PENG and import your old CCF file. Most of it should be intact. Some graphics may not import right and some IR codes may not work (you will have to relearn those), also some macros may be missing. If you used "groups" in your CCF then you may have problems with the PCF because it doesn't seem to like groups, makes it lock up. Once you import your CCF and it converts to a PCF then you can click on it just like you did with your CCF.

Hope this helps,
Archer