http://www.youtube.com/watch?v=jBm_DnHNcz4
The issue only seems to happen when I'm in gunfights. Dialogue and other ambient sound effects seem to be fine.
I have the latest drivers for my video card and sound card, both of which are the same cards as in my last machine which ran Fallout 3 just fine. Here's my specs:
Fallout 3 (not New Vegas)
Windows 7 Enterprise 64
AMD Phenom II X6
8gb RAM
NVidia GeForce GTX 470
HTO Striker 7.1 sound card
Anyone have any ideas?