Thanks for your replies.
Those Creative cards definitely have some issues, however in my situation there is not really an alternative for something else. Drivers are indeed important, therefore I use the kX Audio Driver. With these drivers I can use WDM driver mode under Windows XP, however under Vista I have to go back to MME. A solution or work-around would be welcome.
From the official KX-driver project website:
The kX Project is an independent development project, focused on providing free WDM Audio Drivers for kX-Compatible sound cards. Read our Mission statement for a quick introduction.
The kX Audio Driver is an independent WDM (Windows Driver Model) driver for all EMU10K1 and EMU10K2-based soundcards manufactured by Creative Technology Ltd. and/or E-mu Systems Inc., including the SoundBlaster Live! series, the E-mu Audio Production Studio (APS) card, and the Audigy / Audigy2 series of cards. (Full List).
The kX Audio Driver package includes driver system files and setup files as well as a powerful audio mixer application (the kX Mixer), which acts as a Graphical User Interface, providing access to many of the driver's internal functions. The following features are either fully supported or partially supported in the latest release of the kX Audio Driver: