Been thinking about this idea some more and it seems like the best possible way to use this kind of "raw digital signal" trick would be from the 8 channel sound card itself.
If it was possible to make the bits of all 8 channels latch as TTL levels onto a cooresponding set of pins (8 X 16 pins == 128 bits per sample) every 48 thousandth of a second...
You could do whatever you wanted to do with those values ~ no special driver or wave player needed (or USB thingy)!
What do you think drlava?
James.