As long as the player can decode the new formats, this receiver will play them over HDMI. You just need to send it the PCM format, not the bitstream format. There should be no difference in terms of sound quality regardless of whether the player or receiver does the decoding. In fact, more features are available if you do the decoding in the player. Long and short, your fine with that receiver so long as the player you buy has a built in decoder.