Strange that is doesn't work at all, it doesn't even have any sound events. Just having it in the layout makes it crash. I even replaced it with a new one and it still crashes.
But XAudio2 does normally work for me, so I'm thinking there must also be something up with the .cap itself.
Edit:
I deleted all of your clouds and it runs fine then.
It also runs if I delete your XAudio2 object though. Either way.