The Audigy had MS-DOS compatibility, emulating a SB16 AND MPU-301 MIDI emulation thru headphones, but wasnt near as robust as the Live was. OPL3 emulation was hella slow, even on my Athlon XP machine. the Live reproduced a SP16's abilities flawlessly. The good part with the Audigy reproduced MPU midi spot-on with no performance hit.
You know that whistling, or screeching noise when you do something to the desktop? It could be hardware related, I've heard firsthand that software based cards are notorious for that. I'm an exclusive headphone user, I've used Sony MDR-V700DJ's, currently using a pair of MDR-C780s. I'll plug these into any software based solution and I'll hear that noise, but I've never heard it on an audigy or hardware based card. Though, the Audigy's were notorious for causing interference amongst other devices.. I have had my Asus board for almost a year now and my Audigy gave me way more problems than I liked. No whistling or screeching when you move scrollbars or anything. Though... the Value line is ovbiously a cheaper card than the higher cost Audigy cards.
This card though, has no legacy support. It's made for XP IMHO, No MS-DOS utilities, but it's like having the best of the old, and the very best of the new all rolled up in one card. Put simply, you can have things sound just like they did in the past, on your modern machine. Also, with interchangable soundfonts, it makes the listening experience much more interesting than being stuck with MS's DLS Synth.