I am also planning to convert the AoW to a Fortotten Realms adventure. I realize, however, that the way Erik Boyd has suggested to covert it means this task is much more complicated than expected. This isn't as simple as changing Diamond Lake to Daggerford and altering the names of deities, if you want to keep in touch with the spirit and history of the Realms.
For starters, Daggerford is an established village with a long history of its own. It isn't a dead-end mining town; it is an important stop-over along the Trade Way. So changing the PCs' reason for being there and/or reason for adventuring is necessary. I may still take Diamond Lake and drop it in some random place as-is, because there is a certain air of desperation in trying to claw your way out of a miserable existence. We'll see.
Second, I'm going for huge historical significance to the adventure path, which means I'm trying to fit the elemental peoples and their whole story of defeating the Queen of Chaos into some period in the region's history. Lost Empires of Faerun has a good "generally specific" timeline you can play with to accomplish this.
That's about as far as I've gotten. I have some time before I actually have to start the path, so I'm eagerly awaiting any more hints or conversion suggestions in future installments.
I'll be happy to share whatever it is I have with respect to converting the adventure.