See here's the problem I just plopped down around $350 for a brand new Sony Receiver with speakers and the unit has inputs for Red/White Stereo cables, and it has Optical and Coaxial inputs. Which audio formats don't go through either? I was under the impression that optical would allow me to do it all because I am not too eager to buy another one only a month after the last one. I also know that the PS3 can't output PCM 5.1 uncompressed even using optical. Someone told me that it was a PS3 issue.
If the unit does not have HDMI or 5.1 analog multi channel inputs You will not be getting uncompressed audio, DTSHD or TrueHD audio. I don't even think you will get DD+ just the old DD. Can someone confirm that? I dont think anything can send uncompressed over optical, not enough bandwidth there. Again can an expert elaborate? I believe the only way to get any of the new audio formats from the PS3 is via HDMI. And of course you have to have a reciever capable of decoding them via HDMI.
I would really evaluate buying into BD at this time. You do not have an HD display capable of really showing its capabilities nor do you have a sound system capable either. And with the standalone players overpriced and in their infancy It may not be the way to go. The only logic choice is the PS3 if you want to venture into this at all.
Dont feel bad though, Im in the same audio boat. If only the PS3 had multichannel analog out.