OMG!!!
Finally got this POS to work. It turns out not only the first 555 timer I had yesterday was bad, so was the second one with which I had replaced it.
I felt like suck a tool today, and not the good kind. So, after replacing it with yet another fresh 555, it worked like a charm, both with the LED connected to pin 3 and with it going through the 2n2222.
Now, all that remains is to connected this to some optos and see if I can control a Triac.
Remember kids, when taking components from old project boards, make sure you use different project boards. Don't take them from the same project board and, if the first fails, assume the second IC will work.