I thought the software to decode all those HT audio formats (Dolby Digital, DTS, etc.) are proprietary. The manufacturers of AVRs have paid the license fees for them, and you can't get them other than on an AVR or pre-pro. Same goes for the HDMI software – required for both audio and video digital connections.
It's those large license fees that have driven all the smaller makers of AV receivers and processors out of the business.
I've never tried what you described, so I could be wrong.