Your specs seem fine, although I'm not sure if SP1 is the latest on Win7. Are you using the ASIO drivers for your Tascam? What are your driver settings (e.g. buffers, latency, etc.) You should update your Tascam drivers to the latest (if you haven't already.)
Are you running any other programs along with Sonar (like a web browser, MS Office, etc.)?
Let us know, we'll get to the bottom of it.