It's gotta be an Apple thing or the sound driver....
I can play Sonar (ASIO), Sound Forge (ASIO), and Windows System sound (Browser, regular apps)
all at the same time - though there's not much reason to do so. (Rather messy sounding..)
Sonar does not have 'share driver' enabled, Sound Forge is using ASIO also, and Windows is set to Wave Audio with allow exclusive use and give exclusive application priority checked. I'm running Win 7 x64, and using a MOTU MKIII ultralite. MOTU has one of the best drivers around, they support ASIO, WaveRT, and regular Wave audio - simultaneously.