I managed to compile my kernel and include the pcm device with no hang-ups.
Thanks for all the responses I got from all of you !
I just refreshed my source tree with the latest STABLE and recompiled it without all the stuff I don't need but including my pcm device ------- and it WORKED !!!!
Now I can play MP3's while coding :)
I would change the world,
but God would never give
me the source code.