Axiom Home Page Forums General Discussion Technical Questions Multi channel Analog connections to old receiver

I have been thinking of changing my Denon 4802 to a newer one with HDMI..but i love it and was looking for different options. I would rather put that money for a new 1080P projector.

How about using a BD player that allows analog out for multi-channel, it will allow for the Dolby TrueHD and DTS-HD Master Audio.
I know PS3 only allows stereo for analog. ANybody using this setup? which BD player is recommended?

-Avi