Thank you both for your replies. I've been gone over the weekend and am just getting back into this.
Stantley, based on something I saw last week (which I'll describe below) I think Thebigguyconnor might be onto something. Please allow me first to describe what I've observed both last week and today and then I'll still try the codec download if you think that may be a fruitful direction to go. :-)
Last week I happened to notice that the volume control you get when you click on the the speaker in the taskbar was behaving in a way I would not expect. Specifically, it had/has the sliding volume bar, but then it has not one but two bars which jump up and down as music is played. One is green and the other is gray. The gray bar is alway's higher than the green bar. Furthermore, the gray bar jumps up the implied scale far beyond the setting of the volume slider. On the particularly troublesome song I am using for testing, the fading of the music seems correlated to the topping-out of the gray bar (though I can't be sure because it happens so fast).
So, today I read Thebigguyconnor's post and things got even more interesting. The graphic equalizer is completely buried on Windows 7. I was able to find it only with the aid of the instructions here <
http://www.windows7mods.com/2009/01/19/enable-equalizer-in-windows-media-player-12/>. Once I did get to it, the settings were all set to the very middle of their sliders, except for the volume which was slightly below the middle. Here's where it get's weird; after the mere act of looking at the equalizer (but without changing anything on it) the sound on the troublesome song got better (though I don't think its completely repaired yet). I assume this must mean the mere act of looking at the equalizer turned it on? I didn't see anywhere in the watered-down "skin" interface to turn it back off. The sound stayed in that partially-better state even after I reverted back to the normal looking WMP.
After that, now when I play the troublesome song, the gray and green bars behave differently in the volume control. Where before the gray bar would readily jump to the upper end of the scale, it seems more closely tied to both the slider and the green bar. More specifically, it is almost (though significantly not quite) as if the volume slider is describing a logarithmic curve on which the gray bar travels but a lineation on which the green bar travels. That is, if you turn the control down, the gray bar will jump around between the top of the scale and the top of the green bar (still in significant excess of the slider position, however). When you move the slider up, however, the gray bar begins acting as thought it is pinched between the top of the scale and the top of the green bar, thereby jumping around much less.
Finally, on the troublesome song, both the green bar and the gray bar rise up in excess of the slider position. Interestingly, however, on a completely different song, they behave themselves much better and for the most part stay underneath the slider. That song doesn't have the problems with the fading volume and the tin-can sound.
This is both mysterious and frustrating. What's the point behind a volume control that doesn't really control the volume? On XP, this simply just worked.
1. Does anybody know what the difference is between the gray bar and the green bar?
2. Why do both bars often exceed the setting of the volume control?
3. Would the codec pack recommended by Stantley possibly change the volume control to a new one which will work, or possibly let the existing control work better?
4. With the "troublesome song", If I turn the volume down enough so the gray bar stops topping out on the scale, the softer and quieter parts of the song are too quiet to hear well unless I turn the volume (in this case meaning the actual physical knob) on the speakers up. I have no idea why it is like this. Does anyone know what I am doing wrong?
5. Is there some group of controls, either in WMP or in Windows 7, which might be messed up and of which I am thus far unaware?
Thank you Stantley, Thebigguyconnor, and anyone else for your help so far and for your time. :-)