A newbe her, all I seem to be able to get to work is MME drivers, is there indeed an advantage to ASIO and any ideas on why when I change to ASIO drivers in the preferences tab on MMC6 everything changes well but I have no input signal/sound. Any help would be most appreciated. (Fantom connected to SBZ card via A?D converter to optical 'in'. everything works ok (except for gross latency problems) with MME drivers but not with ASIO or WDM/KS.

Sorry , I thought the below information was to post along with my signature, my bad, sorry for the inconvenience.
 
OS MS Win 7, 64bit
Processor: AMD FX-8350   4.01 GHZ
RAM: 32GB
Audio: Creative SoundBlaster Z PCIe card
Hard Drives: C: WD 2TB, L: SG 3TB
Motherboard: ASUS SABERTOOTH 990FX R2.0
Music Creator 6  v6.5 build 43
Workstation: Roland Fantom X9

After setting the driver mode, make sure that the Audio > Devices input and output driver settings in MC6 are correct. All interfaces that have an ASIO driver supply a client to configure the interface. You may need to run that client to diagnose your ASIO issue. For WDM/KS drivers the Wave Profiler needs to be run from Preferences > Audio > Driver Settings.

Welcome to the forum.
There may not be an ASIO driver available for the SB. You can try the SB web site help to see if you can download an ASIO driver for it and your OS.
If not, you can try ASIO4All, a free driver which makes the WDM driver act like an ASIO driver and has helped many folks overcome the latency inherent in (most) sound cards that aren't designed for recording.
Or, ditch the SB and get an audio interface designed for recording which has ASIO drivers for your OS.

Most of the factory cards seem to work better with MME. However, they also tend to have heavy latency that prevents one from working in an efficient manner.
 
Soundblaster is not the best sound card to use with Cakewalk recording software. Most often, people will purchase a third party USB audio/midi interface which does support ASIO drivers. Once this type of interface/soundcard is set up, the process becomes transparent and latency is no longer an issue.
 
Look into Focusrite, M-Audio, Presonus, Roland as choices for the sound card/interface.

Thanks so much for the insight! Looking at a Cakewalk FA 66
I read about some comparability issues with win7 64bit, anybody know if those have been resolved?

The FA-66 is a firewire based interface. My Saffire by Focusrite is a firewire interface.  One of the issues that FW interfaces have has is compatibility issues revolving around the chip set that is in the computer which manages that FW port.
 
If the chip set is a TI chip set there will likely be no problem. Anything other than Texas Instruments chips could (not will, but could) be problematic.
 
I have a Dell lappy that works fine with it, and a custom built DAW that also works fine. I can not say that the chips are TI in either and when buying the parts for the DAW no one.... not even the MOBO manufacture's tech support could tell me.
 
USB based interfaces do not have this issue. Most stores will take the interface back if you do encounter this problem..... so get it and start using ASIO drivers.

Thanks Hack, the FA 66 is used and the price is nice ( a swap for some easy dubbing work) the money spent will have to be on a 1394 card as my mobo has no firewire port. I really appreciate the insight and heads up! Thanks a bunch!

Let us know how that 1394 card works out.

Ok, Finally got some time to try and put this together. I got the add on card with the TI chips as Hack suggested and the Fa66 is recognized seems to work ok, as far as recording one channel at a time. The latency problems have disssapeared and my 'dubbing' work has gone rather smoothly. A coupla  questions if I may,
1) Having read that Firewire is able to send multiple channels at a time to the DAW, I can't seem to make that happen with my FA66. Is this indeed a limitation of the hardware or is it just a learning curve?
2) In doing some dubbing work I would like to be able to 'fade out' individual tracks before bouncing/blending/mixing or whatever the correct term is for finishing the project and exporting the file. ( All I know to do is to 'bounce' the project and export that particular track), I find this difficult to do. I find information about fading 'in' but not about fading 'out', I have tried the 'in' process in reverse to fade out but that doesn't seem to work. This is a simple task in other software programs and I must be missing something here because it shouldn't be that big of a deal. Can anybody help here?
 
and Hacker, I still replay your "Power in the Blood" often just for that slammin Sax!