Ok, I found a few of my own answers. :-)

1. My sound card was setup in Parallels but Windows did not have a driver for it. So I ran Windows Updates in Windows (while in Parallels) and the sound card was then recognized.
2. I still have a PCI Device that is not recognized in Windows and I am wondering if that is my Firewire device, because I don'tsee it anywhere else in the Windows Manager. And I don't think Windows Update HAD a driver for it... so where is the driver?
3. WAIT to plug in the USB hard drive for BIAB until Windows under Parallels is up and running. Then you will be prompted for which OS to use the USB device under: Mac or Windows. Choose Windows.
4. Run BIAB in Windows, and setup your audio devices.

So my Firewire is what is left!