Absolutely.
The PS3 internally decodes/decompresses the lossless codecs (DTS HD MA and Dolby TrueHD), so you need a receiver that can handle multichannel uncompressed LPCM. You need to run an HDMI out of the PS3 into the receiver and another out of the receiver to the TV. And you need to go into the PS3 menu (Settings>Video Settings>BD/DVD Audio Output Format) and select "Linear PCM."
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