OK so to test if this is just not possible a corrupted project.
Import any wave or Mp3 file and see if that plays/
What happens in this project if you record a new track?
There's another thing other people talk about that I've never done and that's the Aud ini file
So I dropped a wav file into an empty track, did not play back.
Recorded a new track, audio file waveform showed up in track view, no sound played back.
Opened a new project, dropped a wav from non working project into track, played back OK,
Went to advanced settings in options and reset aud.ini, no change, audio files didn't load, new track didn't play back.
Looks like something is corrupt somewhere. Have so many EQ and plug-ins in original project, stand to loose all that,......CRAP!