I'm not trying to be rude, but anybody who recommends a dedicated sound card for Oblivion is giving bad advice. Back in 1999 which is 11 years ago on my pentium ii desktop with integrated yamaha a97 sound codec, I was given the very same bad advice while doing video capture trying to keep audio in sync (and back then video capture took up your entire hard drive). So I paid $300 or maybe even more for a sound card only the have even worse sync. It was totally bad advice, people don't know what they're talking about. Audio hardware acceleration, direct x audio acceleration, obilivion.ini audio acceleration.... all has nothing to do with having a sound card and will work fine on realtek audio. 99% of audio problems or popping or paranoid CTDs are likely to do with drivers (there was a notorious windows xp sound update for HD audio that cause glitches, the realtek control panel causes popping on modern hardware and is easily disabled). Nothing to do with integrated vs. dedicated. I agree to turn off audio and see if it makes a difference in game play, any perceived difference is totally placebo just like defragging.
Yes and no.
Back in 1999 did your pc have several pci cards? If it had several pci cards you may have run into several bus issues.. I'm assumeing yes as your video capture card,ide,soundcard (onboard or not) and various other devices all would have shares one or two pci buses that can get saturated/out of sync and cause alot of issues with your sync or poping noises etc. not to mention that most mother devices are actually using an internal pci bus and regardless of if you had a $300 sound card or not would still possibilly cause issues due to the nature of how a pci bus works (I can elaborate on this if required but wikipedia etc should beable point you in the right direction with some further research).
Modern pci-e lanes don't have this issue. As the devices you have if on board may share one or two lanes etc (depending on the motherboard) or not if you have a dedicated pci-e sound card.
pci-e splits devices data paths up into lanes of bandwidth.
The avoides the sync issues of pci/isa/vesa etc.
A 16 lane motherboard/chipset may give a gfx card a full 8x or 16x for example or it may have 16x or 32x and split up some of the 32x into some onboard devices such as ide/sata/fdd/sound etc and gfx cards.
The lane configuration is up to the motherboard manufacturer.
needless to say. onboard sound issues being a result of onboard bandwidth these days re reduced.. not 100% fixed but depending on how "cheap" (see economy of circuit design) the manufacturer wants to be (I've owned several ~$150 to $200 boards that had rubbish onboard and some more expensive and less expensive that are amazing and all pritty much use the same realtek chips). It's basicly potluck.
Drivers these days seem to fix alot of issues but don't be fooled by expensive mother boards as alot of cheaper ones are just feature reduced expensive boards.
Also I own a pci-e x-fi value or what ever it's called and found it's drivers to be not much better than the realtech drivers so a blanket statement of "all motherboard sound chips are rubbish" is just not true.. I wish it was!
short anwser is.. if you have $50 to see if it's your motherboard or not then it's probly not a bad investment as you can probly use the card later on another build or re-sell etc. if reinstalling windows/drivers etc dosn't fix your issue then try the sound card. unless you are an audiophile who honestly thinks they can hear frequency responces the avg human can't then most of the things these other expensive sound cards provide are really a waste of money.. good amp yes! I just use optical out from my sound card to my amp.. that takes care of most of my sound issues with movies etc. Only other reason would be for the low low ms responces like another poster advised was usefull with music shannigans! (I wish I was some kind of audio phreak
p.s yes I know my spelling svcks.. I see alot of red underlines! (yay seamonkey!)