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Not sure if this will help, but I'm using Audition for Mac. Try shutting down Audition, then hold the Shift key down when you open Audition. It worked for me, but again, I'm on a OSX.
Cant hurt to try.
Thanks for your reply. I found the solution to my problem myself... Had to buy a new pc to find it because it gave the same error on a new one after changing the audio output wires..... It was in the setup routing the correct audio channesl to the output. After that is start playing immediately.