There isn't much to this file as far as I can tell. Basically its a long wav file (without the header). You can import the data into Audacity using Import Raw.
I also found a WAV file header fix program (don't remember where right now) that you can add it to the file and play it.
If I remember correctly the data was a single track on the CD version of LOOM, so I don't think there are any splits or anything.
I tried using Import raw in different settings and found that it sounded best at 16 bit PCM mono at 44100.