I know for a fact that it will install cleanly on a freshly installed Win2K server box, but you could try this to install it...
Copy the contents of the C:\Program Files\Audio Receiver directory. regsvr32 all of the DLLs in there. From memory, mercprv.dll, realprv.dll and fileprv.dll will need registering.
Copy the registry key HKEY_LOCAL_MACHINE\SOFTWARE\Diamond Multimedia\Audio Receiver Manager\1.0 to the new machine.
Remove the 'Adapters' and 'Units' keys. Set 'DatabaseCurrent' to zero. It should sort itself out when you start it up.
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roger