Sonic Foundry was so nice to inform me that this bug was fixed for this Fridays new make of the beta.
In the meantime, I was able to install successfully, by wiping the slate clean. I was able to make a recording successfully on my 166mHz MMX with 64MB laptop using my new WaMi Box PCMIA external sound card.
And I was very impressed. This has been a marathon week of downloading Sed'd and Cakewalk products and evaluating. Sek'd is winning so far. Now I'll get to give Vegas a run through more fully.
My biggest concern now is verifying if I can take advantage ofthe WaMi Boxes' 20bit processing. What's the dithering that Vegas does?