Update 12 Dec 2014
You can now play sounds (and hopefully stream music in a loop)
You can create sounds
You can create streams (for music)
You can create channels
You can access created channels
Channels will be invalid until a sound is played on them and will therefore cause an access violation (blame FMOD)
You can change a channels sound.

Sounds, streams and channels will be stored in <map> containers so that they can be accessed with their given names