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Re: PS3 or Sony S550--audio gratification now or later
I had non-HDMI receiver (Yamaha) for quite a while, which I recently replaced to HDMI 1.3-receiver (also Yamaha, v1800). Certain problems "solved".
If you only want HDMI-receiver (1.1/1.2), they´re quite cheap at the moment. So personally I would upgrade the receiver, rather than focusing on these "player has to have analog-out" problems). Like I said, the HDMI-receiver doesn´t have to be "1.3" (1.1/1.2 are cheaper).
This is obviously IMO. 
Rewind - DVDcompare
Site Administrator
*Blu-ray - US PS3 (1080p)
*HD DVD - Toshiba XE1 (1080p)
*Sony Bravia KDL-40W2000 (1080p)
*Nintendo Wii (Euro)
*Yamaha RX-V1800 (HDMI 1.3)
*Xbox 360 Elite (HDMI)
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