KingofGnG: So I came to a conclusion: Sound Blaster Live! is a shitty, flawed card. Indeed, I think every damn sound board made by Creative after the Sound Blaster 16 isn't worth the money, jeez....
I wouldn’t be so harsh for Creative…They can do fine hardware – it’s their support/drivers/marketing what is poor.. Examples:
- Live!, Audigy, X-Fi – are good cards…but with Creative you can never be sure if you buy “real” Live!/Audigy/X-Fi just because it has Live!/Audigy/X-Fi in it's name (like Audigy LS)
- if you try to find Win98 drivers for Audigy 2 ZS – you will get no results on their site – of course such drivers exist on installation disc – but you will not find such CDs on their site as well
- Daniel_K case is just ridiculous
All in all.. to my case: I’ll mark your post as solution. Thanks for your help.(especially for link to your site with Creative boot disc)