If you download this to enhance your stereo experience, then you're doing it for the wrong reason.
To get the right experience, please uncheck all Audio checkboxes.
Next, calibrate your headphones (I just leave them at default).
The neat trick is that it acts as a playback device on your computer, so everything just works. Just set your playback device to Razer.
For the best intro experience of this software, acquire Nine Inch Nails - Year Zero 5.1 DVD-A and download the software MPC-HD (free software).
Play the DVD-A 5.1 and get ready to be blown away.
I really don't like Razer's hardware (I've tried some, and they mostly suck), but this 7.1 surround mixing simulation is really good.
Compared to Dolby Headphone, which makes everything kind of murky, it is a great piece of software.
Usually I play music through GNU/Linux and MPD (with libsamplerate of course), but this software makes me reboot to Windows when I want to listen to records I have in the 5.1 format. It is really that awesome.
Hopefully this becomes a hit (not the software, but the use of emulation to achieve surround sound), because I'm in love.
I want this technology to come to GNU/Linux (before you suggest mplayer -af hrtf then compare it with Razer Surround and then post.)
Disclaimer: Since the Razer Surround and Synapse software is not free (as in freedom), I'm not certain it is free from malicious code, use at your own risk.