Yes, sorry bout that.
As you can see, it does not show the "New Live Bookmark" option-
What I did is just went to a site that has the orange subscribe to rss icon, and made a live bookmark through there. (used ftp-a's rss)
Then I went to Bookmarks, Organize Bookmarks, selected the new live bookmark... And then I edited it-
I pasted the source of the rss into the source box, and pasted the site into the other..
Then... poof It works.
Sorry for my bad explanation, not experienced with this crap.
btw, I think I am the only person with this problem. I seached google for similar issues and there aint a single relevant one...