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kitphillips, you're absolutely right. onboard sound is very basic and will not allow you to have the sort of low latency figure that is required to record and playback accurately.
The asio4all is very clever in that it sits on top of the WDM drivers, and makes the soundcard usable to a point but not for anything really serious. As soon as you start using multiple VST's, FX, audio, midi tracks you will notice an massive slow down and bad latency.
DAEUS, If you're just starting out, get yourself something like a M-audio audiophile 24/96 or a delta 44 if you need more inputs.
There's not much point spending more at this time, as the difference in cost between these and even a slightly higher sound quality soundcard is a large amount of money, better spent on good studio monitors.
Once you have a decent sound card, if I were to recommend spending money on only one other piece of kit, it would have to be monitors - the extra money (often not even that much) spent on them is so much more important and well spent.
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