I think what I have is a different issue then. I will try and do a sensible write up of a bug for it.

In the meantime though, can a few people see if they have problems with clipping on the following file (3Mb in size).

I get crackles and distortion within the first couple of seconds of the track, this doesn't happen on WinAmp or on 1.03 of the player code. I have many tracks that are afflicted in this way.