I have a problem with AudioEngine.CreateDefault() trying to find the OpenAL library. (I'm using a Mac)
I think a simple enough fix would be to add /System/Library/Frameworks/OpenAL.framework/OpenAL to the library search path like OpenTK.OpenAL does... or maybe you just want to use OpenTK.OpenAL (or some other OpenAL bindings) instead to avoid manually binding OpenAL yourself?
P.S. AudioEngine.CreateDefault() doesn't tell you/warn that it can return null.