Let me make something clear: AMD64 is not faster because it is 64bit. In fact, it makes no difference unless you have 64bit applications. It is due to the superior architecture in comparison to Intel's (mostly) slow and overheated Pentium 4 (anti)technology.
If you have an AMD64, you shouldn't have any problems with media, since AMD's 64bit architecture is backwards-compatible with 32bit software. I believe your problem is that you are probably using Windows XP x64 edition.
I have trialled this version of Windows XP and it was total fiasco. It needs(not easily found) special drivers, and many applications are not compatible. Also, there are no noticeable perfomance gains. The only reason to have Windows XP 64bit is because it is the fist Windows version for x86_64. If you have the chance, use Windows XP 32bit(the normal version).
IMPORTANT: Just because Windows XP x64 edition sucked, not all 64 bit OSes suck! I am living happily with Gentoo x86_64.