Okay, so I've got an optical cable going from the 360 to the 0404 USB. S/PDIF mode set to optical. 360 is outputting digital stereo. Neither direct monitor modes output anything. :[
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Home: E-MU 0404 USB -> HD580
Portable: 4th generation 20 GB iPod -> PA2V2 -> ATH-EM700Ti
Vinyl: Gemini XL-120/Shure M25C -> PP999 -> EMU 0404 USB -> HD580
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