I use my existing reciever to take the PCM audio from my PS3 and my upconverting DVD through TosLink. Why can't you use the fiberoptic until the technology settles down on the audio side, IMHO it makes no since to upgrade yet... I still use my 5 year old Yahama reciever to take the PCM signals from the PS3, and it sounds great, without spending a bundle, and hoping I bet on the right audio technology.
FWIW, while I use the TosLink for the audio, I use the HDMI for video only
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