I have a Comcast/Motorola HDTV STB/DVR with DVI that is NOT HDCP compliant -- so it's not true that not ALL STB's with DVI are HDCP compliant.
But you're right about "the video won't get through" in general because if a component requires HDCP compliance and ANY other link in the chain is not HDCP compliant -- then the signal will fail at the point where HDCP compliance is required -- whether it's at the projector, the receiver - or any other point. Bottom line is that "HDCP dominates" and any non-HDCP signal presented to an HDCP complaint component will not be output correctly from that component.