Live Monitoring via ASIO4ALL, Kristal, Audtion 1.5, USB MIC.
I finally figured out live, crisp monitoring with my crappy Soundmax Integrated Digital Card (optic out).
Kristal with ASIO4ALL driver and Adobe Audtion 1.5.
Input - Plain ol' USB Mic with no driver (default WDM driver)
Output - Roland's DM-20 Digital monitors (optic in/out)