If I'm missing something here, please excuse me mazer, but...
I simply assume your Denon handles mch PCM over HDMI. Therefore, you don't need mch analogs on your bdp.
Have player internally decode, then send as mch PCM over HDMI.
This player as well as it's twin the BDP-S350 does internally decode DTS-HD MA. Neither does the Denon.
As I said, This isn't the end of the world, but an inconvenience.
Given the fact it was a present, which was the reason I asked, it may simply be a bit more PC to accept the gift and keep quiet the shortcoming.
Is it worth an extra $100 to upgrade? All things being equal, I'd say yes.
Mazer, if you at any time plan to upgrade that beast of a receiver, this arguement is a moot point.