I am also struggling with this now. I feel like I understand how this should work, and have been following the code examples, but every time I try to prepare an event (after either Loading or Preparing the requisite bank with the metadata), it fails, claiming it can't find the media file, even though the excluded media file is in the same directory as the bank itself, right there in the default generated bank path.
I'm not seeing anywhere to specify where it should look for the media files to load, all I can do is tell Wwise where to copy them when I generate banks. And none of the documentation mentions where the media should be put, or where I should specify a directory.
It seems to be loading the events fine, since when I call a stop event with no media required, no errors pop up. All I'm getting in the profiler is: File not found: <name of the file I'm staring directly at right there where I assume it should be>