I confirmed that if you set Digital output to DAW and monitor using SPDIF, it works perfectly but you can't monitor using the 1/4 out, you only monitor SPDIF. Here are some options:
1-The best option is if you don't have another Audio Interface with SPDIF, buy an SPDIF to analog for less than twenty dollars. Here's one on ebay for 13
http://www.ebay.com/itm/Digital-Opti...item484b49301e
2-Watch at ebay for PRO TOOLS LE 8 as sometimes it sold for under $30 and that works perfectly with ELEVEN, even better than PRO tools Version 11 since V11 doesn't have the editor for Eleven working yet!