I have a S/PDIF Out on the back of my M-AUDIO Fast track pro.
Apparently, with Either ASIO4ALL Drivers, or my M-AUDIO Drivers, it's the only way I can listen to output while Using fruity loops, and still be able to record with my M-AUDIO device + Microphone.

I have no clue what an S/PDIF is, even after some googling.
Looks like the type of cords on the back of an Xbox.

Anywho, I need to know what can be done to be able to listen to sound through my M-Audio Device.

Is there S/PDIF specific speakers?
Are they pricy?
Is it possible for me to just get a cord that lets me connect my normal PC speakers to that S/PDIF out?
Would that entail a loss of quality?


I'm sorry for posting twice, I probably put this in the wrong section last time..
Please Inform me.