I think so... the TrueHD firmware update seems to have happened back in 2008 so I'm already running with it, but since I am running audio over coax to the receiver I believe the player would have fallen back to Dolby/DTS 5.1.

It would be funny if I ended up having to update just the receiver and not my Walmart/Sony BD player.

M60ti, VP180, QS8, M2ti, EP500, PC-Plus 20-39
M5HP, M40ti, Sierra-1
LFR1100 active, ADA1500-4 and -8