From MSDN, Peak Meters:
If the audio endpoint device implements the peak meter in hardware, the IAudioMeterInformation interface uses the hardware peak meter. Otherwise, the interface implements the peak meter in software.
Before Vista, there was no hardware peak metering on devices or KMixer (predecessor to WASAPI for internal audio mixing). There was no software fallback implementation to provide metering data too. So you just don't have the data, you cannot obtain it.
If you have the data you send to playback, you might want to implement software metering over this data feed.