Mbl,
yes, that's exactly the setting that I have now; by the way, both the ASIO and the WDM drivers work fine with the Live, but not the Live Platinum (I have both); the difference is in the digital I/O (in the latter), that are not recognized neither by ASIO nor by WDM.
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Korg Kronos 61 and PA3X-Pro76, Roland G-70, BK7-m and Integra 7, Casio PX-5S, Fender Stratocaster with Fralin pickups, Fender Stratocaster with Kinman pickups, vintage Gibson SG standard.