Yep, it's working for me on an intel. I found that if I change the Edit->Preferences->Audio I/O and tell it to use alsa:surround51, I get the same error as you. However, switching back to default works fine. Also you may want to check the project samplerate (In the lower left hand corner) and see if that has anything to do with it. Let me know!
Here are the Options that Edit>Preferences>I/O give me
Record OSS: /dev/dsp
ALSA: Intel 82801AA-ICH: Intel 82801AA-ICH (HW: 0,0)
ALSA: Intel 82801AA-ICH: Intel 82801AA-ICH - MIC ADC (HW: 0,1)
JACK: Audio Connection Kit: Alsa_pcm
I have tried them all and none work
Have also tried every project rate and it make no difference.
don't know what else to try