Close, Shintock, I have an E-MU 1212m. Both the 0404 and 1212m are fantastic cards for recording and playback. No E-MU card does 5.1 as they're recording and playback cards only, but they are VERY good at what they do. The 1820m is just a 1212m with more inputs and outputs (as that external audio dock thing).
If you want gaming and 5.1 support as well, I highly recommend an Audigy 2 + 0404/1212m combo. What you do is install the Audigy 2, then install the E-MU card, the drivers that is, you can put them both in at once. Depending on whether or not you use the original CD drivers on the Audigy 2 or the newer beta drivers, the installation should be smooth. Your safest and most stable bet is probably the original Audigy 2 drivers + latest E-MU drivers, but I'm running an Audigy 2 and 1212m with the latest of both drivers. It just took some fiddling - I had to install the Audigy 2 drivers, then the 1212m drivers (overwriting all files) then the Audigy 2 drivers again (overwriting all files)...both cards share many of the same driver DLLs so overwriting each other shouldn't be a problem, as long as it works. I couldn't get them to coexist with the latest drivers without coaxing.
Then you take the digital out of the Audigy 2 and plug it into the digital in on the E-MU card. The digital out on the Audigy 2 is a stereo mini. I believe both the tip and ring will carry the digital signal, or so my multimeter tells me. I just used the tip and it works fine. The E-MU card has RCA jacks as digital coaxial inputs. You just need a stereo mini (tip) to RCA connector, which you could easily make yourself. Or any mono mini to RCA adapter cable, or any stereo mini to dual RCA adapter cable and just let the second cable hang loose.
The E-MU Patchmix DSP should automatically route the digital in back to an analog out, at least it did for me. You set the Audigy 2 to be the default playback device in Windows, then in all your playback and recording software you select the E-MU card. Games send sound to the Audigy 2, which pipes the data to the E-MU card. The result? High quality playback and recording from your E-MU card with EAX 8.0 SUPER X-TREME from the Audigy 2. And since the digital out on the Audigy 2 bypasses the DACs and output stages, you don't lose any quality. Infact, you gain quality since you're using the awesome DACs and output stages on the E-MU card!
I recommend the Audigy 2 Value (which is just the Audigy 2) which can be had for about $40. It's the same as the Audigy 2 ZS - the ZS only has more inputs and outputs, which are pretty useless with an E-MU card. You can then throw in an E-MU 0404 which can be had for about $80 or $90. Or splurge and get a 1212m, which can probably be had for about $180. So total you're looking at, eh, $130ish or $220ish.
This method works with any card that has a digital out, but you'll want the Audigy 2 if you're doing any gaming. And since you just want something good and aren't an audiophile looking for top notch playback quality, I'd say the 0404 is the ticket. Especially when the 1212m has a daughter card, which combined with the Audigy 2, is 3 slots to take up - although the daughter card doesn't actually need a PCI slot, it has a cable connecting to the father card.
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