In your dxdiag, the Soundblaster Live! drivers are from 2002, newer are available, look here, use the one for Live! or Live 24-bit depending on which one you own
Soundblaster Live!:
Also make sure that your chipset drivers are the latest, many of your entries in dxdiag.txt for your chipset drivers list: Driver: n/a which would indicate something is wrong with the installation of chipset drivers.
Here is what I suggest you do:
Try uninstalling video audio and chipset drivers. Then clean video audio and chipset drivers with driver cleaner and then reinstall chipset drivers, audio drivers and then video drivers, in that order.
Look in the readme.txt for driver cleaner before cleaning.
Look here for how to do it for video drivers as an example:
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