Well, I haven't found the WavExtreme driver, but using the Win95 driver from this site (pnpv22a.zip) I got the card to work. Device manager does not find compatible drivers but if I force them Via "Have Disk..." they work.
Under Windows 98SE the system actually detected four separate devices on this card. One was an IDE interface, but the others were basically unknown and marked as "WAVExtreme 32". By some freak chance I managed to assign the three devices the correct drivers from the pnpv22a pack in the correct order the first time without any errors or conflicts! I can't think of any easy way to identify which ones I assigned to which drivers, so I'll just go by the resources assigned to them in device manager, since that will likely be similar on any system:
GUS PNP Synth\CODEC:
IRQ= 5
IO= 388
DMA= 1
GUS PNP FM\SB Emulation:
IRQ= 9
IO= 330
GUS PNP MPU-401 Emulation:
IRQ= 10
DMA= 7,6
IO=240, 340, 34C
Once it is installed you can run the setupsw.exe program to get the GUS software installed in Windows.
Amazingly, everything seems to work great! I get a bit of a popping sound after digital samples are played some times, but overall it works great. For only a 1MB ROM on a fairly basic card, the synth sounds excellent for MIDI playback as well. I'm not sure exactly what the damaged capacitor is for since the card is mostly working fine. Maybe I should just replace it with a random cap of similar size. There's no way to know what it was supposed to have.
I don't know much about GUS or Interwave cards. Since this card has 1MB ROM (as identified by the GUS software) and has no RAM slots\sockets, am I limited on what "Ultrasound" features this card can use? Seems like anything that would use an Ultrasound's RAM would not function on a card like this.
I have also attached the driver file to this post, just in case the other site goes down. It may be on Vogons drivers already, I haven't checked.
EDIT: By the way, I'm putting the card through its paces right now. My daughter is "jamming" to a bunch of MIDI tracks on my test system. It sounds really good. It's no SC55, but... wow, I'm impressed.