am also select select a slower read (rip) speed.The closer to the outer edge of the CD you try to read the harder it is to read. Does your ripping software allow you to select the read speed? If so, you should select a slower read (rip) speed.
I have Windows 7 and a Realtek soundcard. I installed the newest driver.
Then go to Start -> Control Panel -> Sounds. Choose tab Record. Make StereoMix default.
Problem solved! Soundcard is recognized and Audiograbber is working again.
Han van Engelen