how to replace $.livequery with $.delegate or $.live

how to replace $.livequery with $.delegate or $.live

I've used nice livequery plugin for many things, not just for binding events. Now when jquery1.4.2 is out it seems like it is time  to replace $.livequery() with new .delegate() or even .live(), but browser events like (ready) does not work. Am I using the incorrect event (with delegate)?

For example I am using livequery:
    $('ul.fileList li').livequery(function(){
                      var oi =$(this);
                           // DOM manipulation, appending menus and attaching plugins and so on
            oi.pacoFileProps({
                    onPropsSaveOK:function(){
                           //doing the plugin action
                        }
             });

      });
Is it possible to do such kind of manipulation with $.delegate() or $.live()?