Just updated to v.2.2 - jquery effects aren't working now.

I just tried upgrading to 2.2 and am having a problem:
Before the upgrade Views Showcase was working perfectly apart from a small issue with the height of the main image which I was wondering if the update would fix...

I deactivated showcase 2 and moved it to the trash, then installed showcase 2.2 like any normal module.
I installed Libraries API like any normal module.
I installed the "cycle" and "easing" files in in sites/all/libraries/cycle/ and sites/all/libraries/easing/.

I flushed the caches and refreshed the browser but now it's not doing any cycling or easing at all - I just get my slider images displayed in a column.
It's like the js effects just aren't being found.

I tried sticking the easing and cycle into my theme's folder and those effects now work - obviously we're not supposed to do that and I want the libraries API to work properly.

Also the slideshow isn't displaying properly now - the css I wrote for the previous version is now redundant. Grrr fine, I can do that again, but also in Views we now have the "Row style" option which is causing me problems. I don't know what "thumbnail" and "teaser" are talking about - which is the main slideshow image? If I add a field to either it displays it in both.

Any help appreciated.