Hello all, I am new to the forum but have frequented audioholics many times. I have tried googling the answer to my below question, and all the anweres that I find aren't quite for the situation I have, so I thought I would try here. Please don't lay the hurt on me to bad, I have an electrical engineering degree which means that I don't know anything about any of this stuff (if you need the magnetic field produced by the power supply triple integrated over the surface of the cube of the receiver shell, I might be of use, but otherwise...)
Anyway, I am looking into the purchase of a new receiver and my easiest option is to buy a 5.1 or 7.1 receiver with multiple HDMI ins and at least one HDMI out. Then, connect all of my sources via HDMI to the receiver and let it do all the dolby decoding and woola! Surround sound in all of its glory! However, there are a couple of older, used receivers on craigslist that can be had for a song that don't have HDMI inputs or 3D passthrough, or any of this other schtuff I don't care about. My blu ray player has an optical output jack and can do the digital decoding. All of the pictures and information I have found on the web tend to indicate that the decoder needs all of the channel jacks on it to output the signals to the receiver in their already decoded state. So, 6 RCA cables for 5.1 or 8 RCA cables for 7.1 would be run from the audio out on the blu-ray player to the audio in on the reciever and then the reciever would send the signals to the correct speakers. My blu ray player does not have the analog outputs for each channel, it only has the one optical output jack. So, ultimately, my question is can I decode the dolby, dolby hd, dts master, etc... audio at the blu ray player (or some other source), send the decdoded signal via the optical output to the receiver's optical input and have true surround sound, and if not, what is the purpose of the optical output on the blu ray? Maybe I am not interpreting the information I have seen on the web correctly.
A related question then would be if the older receivers are actually "better" because they are not trying to do 3D pass through with HDMI and IPod wireless playing, etc.. so the reciever was built dedicated to sound quality (the ole 10 lbs in a 5 lb bag addage). I have no basis for this assumption other than logically it seems that if the receiver manufacturer had less to worry about putting in his unit to be competitive, he could focus on pure power and sound quality. If that is the case, then it would add fuel to my decision of buying and older, used receiver rather than a new one.
I am sorry for the long and garbled post but thank you in advance for any help and for your patience in reading through my ?'s. I apologize if this question has already been answered, I did a quick search and didn't find what looked to be an answer.