i just bought the sonuus and its really cool for only $100
the tracking is great however there is a pretty bad latency issue which i think ruins the entire thing.

im pretty sure its the sonuus but i see videos online of people playing with it and they get much less of a delay than i do.
i have a very very good sound card, and im running it through a new m-audio midisporrt 2x2.

does anyone know any solutions to this problem?
The Creative sound blaster x-fi xtreme audio is NOT a good sound card. Sure its fine for gaming, watching movies etc but for recording purposes its useless. That is likely the source of your problems, but also make sure you are using the correct drivers; using incorrect ones will severely affect your latency.