It is possible with the other Breakaway versions. For your use I recommend Breakaway Live, which can output to any soundcard, such as the Breakaway Pipeline. By default with the other versions of Breakaway, the Pipeline is configured for 3 virtual soundcards, but it can be adjusted. So you could have sound coming in from one virtual soundcard, and going out into another virtual soundcard that you record from. Breakaway Audio Enhancer version is limited to only sending audio out to real soundcards.