I've just managed to enable Mega Everdrive WAV playback on my Nomad! (along with full 32x audio functionality, SMS FM sound, among other things...) It is indeed cart port B1 and B3 being not connected, they need to be connected to pins 24 and 10 respectively on Sega IC 315-5684, by way of .022uf capacitor and 47k resistor for each connection, and the surface mount pins do need to be lifted off of the PCB so the solder operation is not for the faint of heart.
ITS GREAT! Bad audio quality or not, the Nomad makes a great little portable audio player. Since my Nomad has a replaced screen and runs off of lithium ion rechargable camera batteries, power isn't a problem as it lasts hours on a charge.
Thanks for adding the wav playback feature onto the Mega Everdrive, Krikzz. I like how it goes down the list of files in sequence so you can make "playlists" by arranging them in different folders. Hopefully we can get more options in the future for wav playback. Main inconvenience is having to convert everything to 8 bit 22k, but its well worth it!