My apologies for thread necromancy, but I'm experiencing sound problems as well. I get no sound what so ever, and the strange thing is that if I have Windows Media Player open when I start the game, as soon as the Launcher starts all sound from Windows Media Player is gone as well, and as soon as I exit the launcher, the sound from WMP comes back.
I made sure that I have sound enabled from the launcher options, I have the ogg codecs, and I'm starting the game w/o shortcuts. The log file does not have any errors associated with sound either.
The strange thing is that I have had Mount and Blade for a long time now, and everything worked fine several months ago. Yet, upon returning to this game with no major sound card upgrades (perhaps a driver upgrade), I'm having this difficulty. Any help would be appreciated, and thanks in advance.