This may not be it, but if Windows has set your audio interface to be its default device, and the bit rate and/or sample rate it's chosen is different from that in Sonar/CbB, it can cause distortion.
A quick workaround is to stop/start the audio engine once CbB has loaded up (the button to the left of the MIDI panic button).
A more permanent solution is to either
(i) Make sure your audio settings in Windows match what you're using in CbB; or
(ii) Set Windows default audio device to be your on-board sound device.