This is the last version of Life Balance for Windows to support Palm HotSync. It also supports iPhone sync, so you can use it to transfer data from a Palm to an iPhone.
Note that Palm HotSync is problematic under Windows 7. See this support article from HP for details. We recommend that you install Palm Desktop and get it working before trying to add Life Balance to the mix.
When you install the Life Balance conduit, you have a choice of installing it for just the current user, or for all users. If the Life Balance conduit does not appear in the Palm HotSync manager, re-install the conduit using the other method.