I had simular problems, read the manual AGAIN, googled it, searched here, disabled 2nd CPU, updated CPU bios, etc, etc..
For me, it wasn't just a case of adjusting latency, latency would vary every time I started playback, and sometimes it would change DURING playback...
All I could do is install ableton live 8, figure that sucker out, and leave FL Studio dead in the ditch... I know some people have got it to work ok, but I'll be damned if I can figure it out.. (Worked like a treat in ableton live straight up) - Sorry, none of that was any help.
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