PODXT Live

A few years ago I bought a Line 6 PODxt Live, Its an awesome floor pedal, but I never REALLY used it, I only played around with it a few times. I was just wondering if any of you guys know if I can use it as a sound card.

It includes many different amp heads, cabs, mics, stomp pedals, but what I want is to pretty much bypass all that so that I can just use it as a sound card.

Right now I have been using an M audio Fast Track USB and I get around 5 ms latency on it (the lowest I can get on it) and it cost me about $50.
POD XT live cost me about 250, so I was hoping I can go lower than 5 ms. So do any of you guys know if there's any way I can bypass all those effects that are on the podxt live and just use it as a sound card instead?

I own a PODxt (red bean) don't know if they work in a similar way, but i use mine as a soundcard in Cubase SX3.

I just configure de ASIO driver to the PODxt ASIO Driver.

As far as i know, the lowest latency value i've got with it is of about 12 ms.