Which is why I asked if the original posters were on HD or non HD...
Dennis, did you have the "compensate for I/O delay" checkboxes checked in the I/O Setup page? This is important. And for the record, running my HD software in non HD (core audio) removes these checkboxes from the I/O Setup page
It's been said by DigiTech Support that the core audio device is supposed report this latency/delay and compensation is automatic, but I have my doubts...