Imtelephone - Provide Win32 static linked codec libraries with source code implementing ITU G.722, G.723.1, G.729a, G.726, and G.728. Also provide audio arithmetic such as AEC, VAD, AGC, VoiceXML. [Commercial] - http://www.imtelephone.com/
OpenAL - A free (LGPL-ed) and open source, cross platform audio library used for 3D and 2D sound. - http://www.openal.org/
DMM_Volume_DLL - The control of volume is realized by the u32 library. The library can work in all the MS Windows versions (95, 98, ME, NT, 2000 and XP). [Commercial] - http://www.dmm.cz/en/dmm_volume_dll.htm
Spark - A sound engine for Windows. It provides powerful sample, streaming, and module playback functions and can be used with and without DirectSound. It distributed in two forms: static (.lib) or dynamic (.dll) libraries. - http://web.axelero.hu/egzo/spark/
Digital Room Correction - DRC generates digital room correction FIR filters to be used within HiFi systems in conjunction with real time convolution engines like BruteFIR. [Aladdin Free Public License (AFPL)] - http://freshmeat.net/projects/drc/?topic_id=114
GSI (General Sound Interface) - An audio system with network support and provides the ability to use stereo, 3D audio, doppler effects, music playing (MIDI, HMP, MUS), and cd playing and ejecting/changing. [Open source, BSD License] - http://gsi.sourceforge.net/
DUMB - Dedicated Universal Music Bastardisation - A high-quality IT/XM/S3M player library. Versions 0.9+ will have MOD support. An add-on is available for playing OGG files. [Freeware] - http://dumb.sourceforge.net/
Virtual Sampler SDK - Provides applications running on Pentium-class PCs under MS Windows 9x/NT/2000 with a MIDI-controlled, low-latency, fully programmable wavetable module implemented entirely in software. [Commercial] - http://www.polyhedric.com/software/vssdk/
BruteFIR - A software for applying long FIR filters to multi-channel digital audio, either offline or in realtime. - http://www.ludd.luth.se/~torger/brutefir.html
FMOD - A sound system on Windows, Linux and Windows CE, PS2 and XBox. - http://www.fmod.org/