FYI I managed to work out a work around for this. First if you are having trouble install the software in safe mode to avoid issues with with file ownership/authentication/ privileges problems.
second find your hardware device id and subsystem id it will be listed in device manager details on the realtek driver
it will look something like this-
HDAUDIO\FUNC_01&VEN_10EC&DEV_0889&SUBSYS_1043846B
Find you driver file -HDXCR.inf this will be in the realtek driver Vista64 subfolder.
Go to the correct section of the file where the hardware id and subsystem id's are listed, modify the first entry to your hardware id and subsystem id
Manually update your realtek driver via 'have disk' method to the modified inf file.
After I did this everything went smoothly and I have a fully working Sound Blaster Panel. I found this solution here-
http://forums.hardwarezone.com.sg/software-clinic-3/realtek-mod-x-fi-driver-2300219-30.htmljust thought it might help some people out here. will be posting this in all of the posts that I found helpful while trying to find a solution for this issue. I do not except any responsibility or support for this solution just hope it can help some other people with this screwed up problem. Good luck