PS3 to Onkyo TX-SR705 Question

[Bruiser2007]

Finally have received and installed the new Onkyo receiver. I wanted to take advantage of outputting the Higher res audio settings via an HDMI connection. Unfortunately I have an early adoption Mits tv that only has one component only high definition input. I have the receiver component out hooked to that input on the tv. I was hoping that the hdmi video feed would be outputed from this component out of the receiver but I am having no luck. The manual does not seem to diagram the possibility of HDMI video In being able to go out the component. Am I hosed??? I did set the PS3 to use HDMI out for both sound and video...I saw no picture though...I may look deeper..It may be that I have somehow have an advanced video feature enabled that my tv can not accept. If any of you have experience with similar hardware setup as I then I would welcome input. I am actually hoping I am overlooking the obvious...I would definitely feel quite the NEWB but I would be in electronic bliss

Good day and sorry for the rambling