You are correct that vista/win7 resamples all audio to the sample rate set in sound device property. The purpose is to defeat the poor hardware resampling done in el-cheapo onboard souond cards.
However one can easily bypass this by using the Wasapi exclusive mode - in this mode the audio is passed untouched to the driver.
The xonar driver would still resample the audio to the one set in xonar control center. It does not resample 96k/ higher samples though.
The latest xonar beta driver has a bit perfect asio driver which completely bypasses any OS/Control center settings.
If there is a gripe I have on the ASUS cards, it has to be about the drivers.
And Venkat - no, I am not at all a fan of investing so much money on the sound card and then have to rely on ASIO4ALL. That just sounds plain wrong to me.
Incidentally I checked and there are no driver updates for the Xonar D2X. Perhaps they are concentrating only on the Essence in this?
Gurubhai - I thought the Xonar Audio Center had the capability to resample to 24/192 khz? Why is it limited at 96k?