I may have missed this earlier and I suspect that this is the critical piece of information.From sndconfig:A PCI sound card was found in your system. The details are: Model: Creative Labs|[SB Live! Value] EMU10k1X EMU10k1X is not supported.
You might like to try the ALSA drivers (www.alsa-project.org) since they explicitly claim support for the SB Live! Value. It's not hard to build RPMs for them all, but if you have problems let me know and I'll put the ones that I built somewhere that you can download them.
jch
