Decisions, decisions, decisions.
I read about the drivers problems, yet it seems folk on Win 7 x64 got it working well.
There was a recent thread about the E-Mu drivers, and some users posted links to the drivers that will work. You might want to give that thread a read fully, if you haven't, yet. Here's the link:
http://forum.cakewalk.com/Upgrading-to-Sonar-Proneed-Emu-soundcard-drivers-m3248190.aspx There also may be the option of using the newest kX Project Audio Drivers version 3552 with the E-Mu, but that driver GUI is complex (to use), and the installer isn't installing well. It takes some manual effort to get the 3552 kX driver to install right (though there is a thread over at the kX Project support forum with detailed instructions on how to install kX and get it working), and it's not certain you can get full functionality of the audio interface using the kX drivers.
I'll tell you what, if you decide to get it, and you can't get it working. PM me and I'll buy it from you August 1st (at the price you may buy it for or some reasonable negotiable price, higher or lower than what you may pay for it).
Or look around and try to find something else, but at your price point it may be hard.
Doktor Avalanche posted in this thread implying about something in the the Scarlet line would work for what you want to do. Communicate with him and ask him for details on how you can get 5.1 connectivity from the one/s he thinks will work for that purpose.
I have a MOTU UltraLite-MK3 ($550), something like that will work, but it's not in your price range.
But, I'm serious about PMing me.

I will most certainly get that audio interface working with the E-Mu drivers or the kX drivers.
Goodluck on whatever you end up doing. I keep an eye on this thread to see what you decide to do.