This will not set ASIO for the E-MU 0202. Any ideas?
If you install the free driver from www.asio4all.com are you able to select that? If so, I would suggest contacting E-MU to get their latest drivers and verify the device is working properly.
If not, are you able to select any driver for the ASIO driver (Devices, Device Setup, VST Audio System)? What version and build of Cubase LE do you have installed (Help, About)?