I'm sure someone will correct me if I'm wrong . . .
Your present receiver will still be useful with the next-gen discs, provided you have analog audio inputs. If you use a digital coax or digital optical cable from the new player to your current receiver, you'll get Dolby Digital and DTS, but if you use the six, seven or eight analog cables (for 5.1, 6.1 or 7.1) for audio from the new player to your current receiver, you should get everything -- DolbyTrueHD, DTS-HD, and whatever else fancy schmancies they've got. At least, that's what I've heard. So don't toss out your receiver just yet!
cheers,
supervij