I tried running the program from the command prompt. First I tried just entering the command. No dice. Then i tried this:

c:\bipcoin\miner.exe --daemon-address 127.0.0.1:18871  --address [bipcoin wallet address] -threads 8

The threads limitation results in "Fatal: unrecognized option '-threads'"

If I drop the threads command, the computer shows high CPU activity in the task manager, but no indication that anything is actually mining, and it prevents me from using the computer for anything else. Also, browser mining from freebitco.in on 8 cores results in a temperature change on my CPU, while this command prompt entry did not.

It looks like pool mining is the only option that will work at this point. I would prefer to see simplewallet reintroduce CPU mining from its command prompt.