Okay I just tired with that other recent version but still the same:
2012-04-07 07:56:10.714 [ERROR] [/usr/local/lsws/conf/httpd_config.xml:4] not well-formed (invalid token)
Can't determine the Home of LiteSpeed Web Server, exit!
[ERROR] Failed to start litespeed!
I can't figure this one out! appreciate if you can help me out with this...