Quick prequel to this: I run sort of an odd-ball setup, whereas I run my onboard Realtek audio constantly and have X3 ASIO through my Saffire. I will even leave other programs running in this mode unless recording audio. So far the only "seizure" I can give Windows 7 is to trip off the Saffire while X3 is open.
Anyway, I run programs simultaneously, and as long as I am not recording do not use ASIO mode in the others, but will often close X3 to open others I may have left in ASIO mode (just in case). I have seen that Melodyne responds well when opening and shifts itself as needed to the interface available, which is a nice feature of Melodyne alone.
The surprise I got today was this... I export audio from X3, show the desktop and pop Melodyne open in stand alone mode. I import the audio, hit play, and the sound is coming from the Saffire. This made me raise an eyebrow since X3 was running... but I just did what I needed to do and went back to X3. First thing I check in X3 is that "Share drivers with other programs" is not checked... and it isn't. So I happened upon a nice "Melodyne integration with X3 feature" that is definitely a "nice touch" to work flows.