Sony vegas not loading WAV files?

Hi i was trying to load a simple clip from my iphone 4s that is a WAV file into sony vegas pro 11 but it tells me it wont let me, it tells me to install the latest quicktime so i updated. Still i cannot load this file, i never had this problem before upgrading from vegas pro 10. anyone else having this problem? any solutions?
 
Does the audio file you are trying to use have the same number of channels as the timeline audio track in Vegas?

I was fixing this for a buddy earlier this week... converted a bunch of 4-channel tracks into 2-channel ones, for his Vegas. First thing that sprang to mind. :)
 
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