Try MiniHost http://www.pgmusic.com/forums/ubbthreads.php?ubb=showflat&Number=394808#Post394808

or split it to separate dll's
www.xlutop.com/buzz/zip/shell2vst.zip

1 - Download Shell2vst.exe here... http://www.xlutop.com/buzz/zip/shell2vst.zip
2 - Copy Shell2vst.exe to C:\Program Files (86)\Waves\Waveshells
3 - Drag and drop each "WaveShell-VST x.x.x.dll" onto the shell2vst.exe (But not WaveShell-Direct X...dll or the WaveShell-Direct X...dll) If prompted to overwrite, choose "no"
4 - A new "Waves" folder will be created that contains all the waves plugins as individual .dll fils
5 - Copy the newly created "Waves" folder into your shared Vstplugins folder (Example: C:\Program Files (x86)\Cakewalk\Vstplugins)
6 - Remove the WaveShells from your shared Vstplugins folder