Ok, some of you reading this are going to think: Boy, what an idiot this guys is. But, I'll take that chance...
Well now, today I toyed around with Audacity, hoping to record some guitar work, thinking, fine, if it's recording too fast or slow, I'll just use the time shift adjustment tool. So, I make sure everything is setup to record and play from my soundcard. Fine. I'm recording my guitar and I happen to glance up at the monitor to see my avast! On-Access Scanner Message popping up, showing all of the audacity .aup files being scanned. Suddenly it dawns me that I have my antivirus set to scan everything that comes in contact with my pc. I'm just recovering from a win32 virus that infected pretty much my whole system and to ensure it didn't happen again, I upped the security of my antivirus programme.
I shut off the A|V programme. I record. Playback, and everything is in order. There is that common lag Nancy mentioned, but I never caught before because I don't usually record new content very loudly because I want to hear the playing track. Today I recorded with the playthrough option and was actually able to HEAR myself. But, the lag seemed to be fixed by Audacity because all was fine.
This is a long shot, but it seems because of my paranoia avast! was treating all of my recording as potentially threatening files, scanning each and every piece of data coming from my mic and guitar. Even now as I type this its scanning firefox, this page and everything in it. So, I'm guessing that is the culprit. Something so simple. (It always is, isn't it?) I've managed to record five songs today.
Antivirus. Who would have known?
I might be wrong, but it sure seems feasible at this time.