Maybe so, but to me it's sort of like taking food off of PhilC's table, isn't it?

(if someone uses WW to make conversions for a ton of stuff, and distributes it free)

Also, it does create an OBJ which the CR2 references.  So its not referencing the original OBJ, its referencing a new OBJ.  I would think you would need both...(see note about copyright above)