LoopBeAudio is a virtual audio transfer device that allows you to digitally move audio between programs without compromising quality. It also allows you to create a virtual 7.1 surround device in the absence of actual hardware and supports up to 24 audio channels configuration.

LoopBeAudio is a native Windows WDM kernel mode driver, so you can expect the lowest possible latency. The best part is that the programs do not need to link with special libraries, so LoopBeAudio works with every audio-capable Windows application. It's easy to configure LoopBeAudio with the Windows Sound Control Panel like every other audio device.
Test every Surround Setup with Virtual Speakers. LoopBeAudio's 'Internal Playback' simulates virtual speakers with all possible surround configurations of Windows. It lets you configure an audio device with more than 8 channels, but Windows will not provide the speaker positions here, therefore LoopBeAudio will behave like a multichannel Line device.
When using LoopBeAudio, you can forward the audio data to your 'real' audio output, without the need for matching formats. Plus, the driver comes with a small system tray application that displays details like format, monitor, and default device, and gives you fast access to the Sound Control Panel.
If all this sounds great, you can download the free evaluation copy. The trial version of LoopBeAudio works for 60 minutes after its first use. After every reboot, it will work again for an additional 60 minutes, so you can test it out for yourself and see if it meets your needs.
Version 1.1: This is the initial release of LoopBeAudio