I understand you're confused about all the inputs/outputs, but I doubt that you need/use all of them on a 7.1 channel card.
On the 2496 there are two pairs of red/white RCA connections. One pair is the analog stereo output, which you connect directly to your speakers. You only need this pair (for now). This is the output that on other soundcards is usually a light green 3.5mm jack. The other pair is the analog stereo input, for example to record from an analog source such as a tape deck, or the analog outputs of any other device. Then there's also a many-pins connector where you connect the included break-out cable. It provides you with a digital input and output, both in coax SPDIF format, and MIDI inputs and outputs. The MIDI input you may use instead of a USB connection to connect your MIDI keyboard. These additional inputs/outputs are provided by a break-out cable because the backpanel of the soundcard is too small to fit them all.
Inputs/outputs the M-Audio doesn't have and the other card does: microphone input, side surround output, center/subwoofer output, back surround output, optical digital input and optical digital output. You won't need those. If you ever need a microphone input you can always still use the one already on your mobo. If you want quality from a microphone, you should look into a decent microphone and appropriate preamp anyway.
What you want when using a MIDI keyboard, is a latency as low as possible. This means that when you press a key on the keyboard, the sound instantly comes out of your computer. If there's a small lag, it's difficult to keep a good rhythm. This is where ASIO drivers come in handy. This type of driver, which the M-Audio card but also other more 'semi-professional' cards such as the ESI juli@ and others support, makes sure that the latency is as low as possible by bypassing as much of the operating system (Windows) as possible and keeping buffers as small as possible. That way, the sound comes out of your computer as quickly as possible.
Nice pun by the way, I just noticed. 
Quote:
Originally Posted by
0524432 
Did I make a mistake? Thanks for input
Edited by Michgelsen - 4/11/11 at 1:21pm