Well, after following your advice, and that of many other forums with similar problems, it was still no dice for me. But after doing some thorough checking, the problem was the sound drivers for my Auzentech sound card. The weird part is that I had to first install the Vista 64-Bit version first in order to make it recognized by the OS. It may have been unnecessary to do that though. For future references, I will just install the Windows 7 version.
But it doesn't end there...
I installed the Windows 7 drivers RC1 in order to enable all of its features. Once I did that, I had to choose "Restart Later" once I finished installing each version of drivers. Then I had to go under Task Manager and End the Process Tree of "HsMgr.exe", then I opened up "msconfig" on the start menu search and under the "Startup" Tabs, I looked for that same .exe file. For my case, there were two "HsMgr" files, so I unchecked both of them. Once I did that, I restarted, and Voila! No more Problems! All is well now...
Though I can't help but wonder, what does that "HsMgr.exe" file do anyway?