I'm using Vista.
I read this tutorial to get the input device enabled: http://wiki.audacityteam.org/index.php? ... bar_Issues
Here's my recording devices from the Control Panel:

Here's the I/O preferences in Audacity:

...I also tested using Stereo Mix for my input device, and had the same problem:

Here's what it looks like when I record:

As you can see, it's very low. Something is off.
Any help would be greatly appreciated.