HDMI audio output and separate component video output?

Hi all. My current setup is with an HTPC output to a Yamaha VX-663 to a Toshiba RPTV. The TV only has component inputs. No HDMI or DVI. I have ripped all my bluray to MKV with either FLAC or HD audio tracks. I have set up XBMC with bitstreaming using Reclock, and everything seems to be working very well with all the codecs on the HTPC end.

I want to be able to either send the uncompressed audio to the AVR to decode it or have the HTPC do it, I don't care as long as it works. My problem is If I try to output it to the AVR by HDMI, I cannot get it to properly handshake because there is no HDMI out from the AVR to the TV. I could hook it up by S/PDIF to the AVR, but it does not allow bitstreaming if it is done that way and I only get 2 channel output with MPC-HC.

So how do I get the audio to the AVR by HDMI and output the video by component (currently passing through the AVR but I could connect it directly to the TV).

Is there a video card that could accomplish this by separating the output through HDMI and component?

I hope all that is clear, if not let me know what other info you need. Thanks.

So will this allow for bitstreaming from the HTPC to the AVR for the audio output to the speakers, and passthrough of the video signal after conversion to the TV? Have you actually seen this path work???

Thanks for the link and suggestion.

(Does the fact that the AVR does not detect an HDCP compatible monitor make any difference for the transfer of the audio?)

Great, than you so much for the info. I'll give it a try. I'm holding out to buy a projector so I didn't want to have to get a tv as well just for this. This will save me some coin.