I currently have a 10 year old Yamaha RX-V992. I just purchased a 42" HDTV with HDMI interface. I also called and replace my Satellite receiver to HD . I know the TV has only one HDMI. Since I do not have a newer home theater receiver that supports HDMI, what is the best bet for me connecting these together using my old Yamaha RX-V992 ? If I have to replace the receiver with a high end version that supports HDMI, which is the best one out there with a reasonable price?

The last question is what do you do when you have more than on HDMI devices and like to be able to connect them all together when you only have ONE HDMI input on your HDTV?

There are a number of HDMI switchers out there, search this thread. They are, usually, much cheaper than a new A/V receiver, very robust to be easily integrated into any existing system, HDMI changes their standard every half a year, and if your Yamaha can handle DD and DTS you're going to be fine for a long time.

Interesting comments. Take a look at for yamaha rx-v992 reciever in google - that is what I have. Another question that I have is what is the best to hook these up? My DVD is connected to the reciver via Optical and Svideo. The HDTV is connected to HD Satellite using HDMI. Now I like to connect the sound of the TV to the reciver. What are my best choice if I go for the idea that you give me to stay with the reciver? Thanks

Interesting comments. Take a look at for yamaha rx-v992 reciever in google - that is what I have. Another question that I have is what is the best to hook these up? My DVD is connected to the reciver via Optical and Svideo. The HDTV is connected to HD Satellite using HDMI. Now I like to connect the sound of the TV to the reciver. What are my best choice if I go for the idea that you give me to stay with the reciver? Thanks

As I undertsand your Yamaha has only one optical input, and that's the problem. But check the following:

http://www.octavainc.com/HDMI%20switch%204port_toslink.htm

Well, that is a great idea. However, if I find a receiver that is around $400 to $500 with the HDMI ports, would'nt that be another choice? A better one maybe?

Also, if I purchased the above unit, does it mean that all the HDMI devices should be connected to the HDMI input and the TV should go to HDMI output and the Optical OUTPUT to the Receiver INPUT and the remaining devices optical to the Optical INPUT of the unit? Am I correct?

Well, that is a great idea. However, if I find a receiver that is around $400 to $500 with the HDMI ports, would'nt that be another choice? A better one maybe?
That's definitely a choice, but it's up to you to decide which one is the better one.

Also, if I purchased the above unit, does it mean that all the HDMI devices should be connected to the HDMI input and the TV should go to HDMI output and the Optical OUTPUT to the Receiver INPUT and the remaining devices optical to the Optical INPUT of the unit? Am I correct?
This is one of all possible connections, but, probably, the best one, as it simplifies your connection management and following control.

One thing to note: some HDMI sources will mirror the audio format used on the HDMI transport to the SPDIF (i.e. optical) connector. There is no technical reason why they should do this, but I have seen some older DVD players and STBs that will only output 2ch PCM on the optical connector because the HDMI connection is going directly to the TV which can only accept 2ch PCM. Fortunately, most of the newer sources allow for sending 2 independent & distinct audio formats over HDMI & SPDIF. But if you find that you're locked down to 2ch PCM on your optical connection, first check your DVD/STB's configuration menu to see if you can force DD/DTS on the optical connector.