ok, here it is. i just ran it on my server and it worked fine. there are a couple things...
1 - might be a cleaner/neater way to convert the ASCII to normal characters
2 - might not convert all the ASCII to normal characters
so you may end up with like ' or or 
 .... whatever it may be ... if someone wants to look at the code and see if they could clean it up that would be great. that code is in /includes/RSS/rss_update.php ... it's towards the bottom.
i have it running on my forums that i just started up ... you can see it here,
http://www.sportsbabble.net