The PS3 supports all of the new audio formats, and it decodes them internally as it can not bitstream them. However, it can bitstream standard dolby digital and dts. Just set the PS3 to pcm for everything and be done with it. When watching a movie, press the select button to bring up the menu, and look at the top of the screen to verify what audio stream is being outputted, and you can see it say dolby TrueHD or dts hd master auido or whatever.