Create a virtual audio device -- 3

We need to create an audio device that allows a user to transfer audio streams from one application to another. Any application is able to send an audio stream to the input side of our device while a corresponding application can receive this stream from the output side. Since all transfers are made digitally, there is no loss in sound quality. Our device is the audio equivalent of a MIDI or VAC. And must be compatible with all operating system (Windows 32-bits and 64-bits). Our device routes audio streams in almost real time, it is able to be utilized in various manners. A person is capable to record an output audio stream from an application that normally does not allow saving the audio to files. A user could also manipulate our device into recording conversations through Voice Over IP (VoIP) or Internet telephony applications such as Skype.