That board should work normally in Windows either by using VXD drivers (from Win95 to WinME) or WDM drivers (98SE and newer depending on card, only guaranteed to work in NT5 based environments.)
I haven't seen any WDM drivers supporting SB either in Windows 98 DOS window or real mode maybe because that design also must work with today's WinXP machines so if you need DOS compatibility in Win98, VXD drivers usually have that functionality. How it works with programs is another story though.
For seskanda's question about the chip again, let's try another explanation

: The sound chip is wired to computer's PCI bus by motherboard just as the PCI slots are. The PCI slots allow inserted cards to connect and communicate with PCI bus. Some older integrated audio solutions even did this by using ISA.
You probably have VXD drivers by now but if you change to WDM drivers, the following will happen:
-You should gain those softsynth capabilities
-You lose all DOS capabilities of that card