I have denon 3805 receiver,without HDMI.I have a lower price blu-ray player,that works real good.Only thing,it does not have 5.1 audio out,it only has HDMI,so I have the HDMI into my 1yr old 67'' DLP samsung TV.I have audio useing digital cable from the blu-ray to my Denon receiver.
Now if I want better sound,I need to get a better blu-ray player,with 5.1 audio out, and dts,and a good bass management system.
My other choice,would be to upgrade my receiver,where than i could just HDMI to the blu-ray and tv.THX