Originally Posted by Dan Hitchman
For the near future you will need a player with HDMI 1.3. A receiver or pre-amp will have to do the DTS MA decoding (and if you don't have a PS3) Dolby TrueHD as well. They are coming, but you'll have to wait a few months.
For Blu-Ray you need HDMI 1.3. For HD-DVD you don't because HD-DVD specifies and requires that ALL Decoding be done in the player in terms of DTS-HDMA, DTS-HD and Dolby True-HD.
However there are currently no HD-DVD players that have built in DTS-HDMA or Dolby True-HD (7.1, there are 5.1 models).
Until the CE manufactures a Receiver that has built in Dolby True-HD (5.1, 7.1) and DTS-HDMA decoders built in, we will have to wait. Even then, I think what will happen is Blu-Ray will just continue to convert those signals to LPCM.
There is another problem we are all faced with as well. I only know of two Receivers on the market right now that have the ability to decode and adjust LPCM signals from either format over HDMI. I am hoping that several of the CE companies begin launching receivers with the ability to adjust and tweak an LPCM signal at any ratio. If we can get that feature, who cares about how the films themselves are encoded.