Originally Posted by Bear5k
This is incorrect. A Receiver or SSP can decode the PCM sent over HDMI if the HD-DVD/BD player decodes the DD+/TrueHD/etc. stream first. Receivers and processors that do this natively are a bit off in the future.
An analog input also implies that the decoding has been done already. Once the signal hits an analog format, what you need then is voume control and amplification.