It would really help if we knew what equipment you had. You could still get lossless if you have a player that decodes all such as the BD55, 5.1/7.1 analog out, and a receiver with 5.1/7.1 analog ins.
With the PS3 you could output component video to your display and use HDMI to your receiver for lossless audio. Actually you can do this for most Blu Ray players.
With the PS3 you could output component video to your display and use HDMI to your receiver for lossless audio. Actually you can do this for most Blu Ray players.
I believe most blu-ray players will not tansmit lossless over hdmi unless a display is connected due to hdcp issues.