Interesting theory, and may well be right. But the 2805 has optical output, and specifically talks about connecting to devices with optical in and out.
In my situation, I have a dvd player, and a DISH set top both connected via optical, and they output to the wireless transmitter. Note that both these devices are also connected via analog, but the Optical input is selected on both. Is there some sort of digital rights management flag at work here. There's no mention of it in the Denon manual.