Found an interesting webpage for comparing how well various software packages do at converting audio from 96KHz to 44.1KHz.  Vegas 7 doesn't look too good!  Compare, e.g., with Adobe Audition 1.5.  Sort of supports a sense I had that I didn't want to use Vegas for serious processing.  Sound Forge (which I don't use) looks better.  URL:
Sample rate conversion software comparisons