Anyone else have a issue with how this works in 2010. It now requires a esc or a check box click to do sequential Convert Entities commands using a hot key. You can unstick the new command and fix that for that session, but it back sticky pinned in the next session.
You just need to un "Pin Dialog"
Enter Convert Entities mode.
Right Click on the background, remove the Check from Pin Dialog.
Now it work in the awesome retro style you know and love.