the ONLY REAL REASON for and HDMI receiver, and using its HDMI connections, is for hi-def AUDIO. Otherwise, just run the HDMI direct to TV.

What am implying?

That an HDMI receiver is complete waste of money if you buy crap speakers. I rather see you get a used $100 receiver, and throw the rest of that extra $300-400 into speakers.

YES, IT WILL ACTUALLY SOUND BETTER THAN YOUR IDEA... ! A LOT BETTER, even without hi-def audio, just legacy DD and DTS on nicer speakers will always blow away hi-def on crap speakers.