This combination does not work here, in previous versions of Windows 7, and Final RTM. If I close Setpoint it immediately works. Very strange. I prefer to use ALchemy with some games under Windows 7 so I get less sound lag. It uses OpenAL if it doesn't find DSound. Anyone else bothered by this?
In Windows 7 RTM/Final
Enemy Territory - Quake Wars 1.5.12624
Logitech Setpoint 4.80.103