Audacity can use
LADSPA plugins. There is a Windows installer for the LADSPA plugin package on Audacity's site, and it includes M/S conversions.
NOTE: If you're running a beta (1.3.x) version, you will need to tell the installer where your Audacity installation lives. The installer assumes you're running a stable version of Audacity.
You can convert M/S to L/R or vice versa; just make a selection and run the plugin. In 1.3.6 it shows up in the
Effect -> Unsorted menu, which you will need to scroll to find the Matrix plugins.
I did some playing around with one of my LS-10 internal mic recordings, and I found that I could greatly improve the stereo image by first knocking the level back -6 dB to get some headroom, converting to M/S, boosting the side channel +6 dB, converting back to L/R, and normalizing it back to maximum.
I'm pretty certain that the LS-10's internal "mic zooming" feature works in a similar way on-the-fly, but that only works in 16-bit mode, so I've never used it.