Update:
Called the tascam support dude: no ideas at all, except something is wrong with the hardware.
So, for grins I tried changing the driver to WDM/KS. This resulted in the track playing, BUT only noise.
So, I changed it back to ASIO: AND IT WORKED!!!!!!!!!!!!!!!!
So much for the hardware being bad.
I restarted, and tried again, but NOOOOOOOO!!
I changed to WDM/KS and back again. This time it takes two toggles, and it works.
I change the windows audio settings, and it does not work.
I change the windows audio settings to defaults, restarts the computer, toggle to WDM/KS and back to ASIO and it works.
This is just stupid.