It doesn't seem to like /usr/local/libmp3lame.so (from the lame.tczl). Also, it won't export WAV, only vorbis.
Maybe it's just my soundcard, but there's nothing available in I/O or the mixer for streaming audio, just line and mic.
Trying to convert using lame directly:
@box:~$ lame -V2 test.ogg test.mp3
sorry, vorbis support in LAME is deprecated.