Thanks, Jon, for your reply. The card has a 122dB SNR but I will take your word for it that it will not be as good as the receiver's processor. Of course I will try it out when it arrives. If it does not sound good, it will go back! I would be happy if my receiver does a better job than the sound card. Right now I am using an optical output from my motherboard and it sound fine.
Tomorrow I am getting an Emotiva UPA-2 to beef up my sound because I do not trust my 10 year old receiver being matched with my Klipsch WF-35s to give me their best sound. Between the amp, receiver and sound card I should be able to find the best match (I welcome your opinions here). If things do not jive, well let's just say I have been looking for an excuse to pickup a new receiver
On my radar is the VSX 1121, which was just on sale (no longer) for $430. Again I welcome your opinion on this as well. The reason for my upgrade would be to get better sound quality as well as HD audio decoders and an automatic EQ like Audyssey of MMMC or whatever Pioneer uses, along with an HDMI input since my PC has an HDMI output from my very nice video card.
Jon (and anyone else) feel free to make suggestions on what is or is not a good investment into this system. FYI I have a HSU VTF2.3 in addition to the Klipsch WF-35s powered by a Pioneer VSX 509S, all hooked up to my pc.