maybe best not to get a PS3 but something like the samsung BD-p2500, the Panasonic DMP-BD50 or Sony BDP-S350. One that has 5.1 or 7.1 analogs outs & can internally decode the HD audios & out puts them via analogs & turn that 'old' yamaha into an amp, the Bluray play will then decode the HD audio (but for DTS-MA, that is HDMI only).
For video just run the component out on the BD player straight to the tv. There is NO need to run video through an A/V, the only benefits is that you can only get DTS-MA via HDMI & that you can see the set-up menu of the A/V on the tv, not just the A/V's little lcd/led screen.
but yes that is an old hdtv not to have DVI or HDMI port. When was it made??
I am stuck with my old, old Pioneer Elite HD700 big box HDTV (its capability is 1080i). In all fairness, the quality has been excellent. Unfortunately it has no HDMI inputs-- "Component Video In" is its best option (with the two sets of inputs dedicated to my cable box and my standard DVD player). For a variety of reasons I need to stay with this TV for a while, but I am willing to replace my old, old top-of-the-line Yamaha receiver, which does not even have component video switching. At the same time, I have an HD cable tv box (currently connected to TV using component video even though it has HDMI out capability), and I am ready for Blu-Ray, PS3 and other HDMI sources. Does it make any sense (or is it even do-able) to have a new receiver with HDMI switching, connect my devices to the receiver using HDMI, and have the video output to the Dinosaur Pioneer HDTV using component video? If it does make sense, do most high-end AV receivers even do this? Are there any other options? I know I can get a component video switching box and use the component video out jacks from the source devices, but I was hoping to start using HDMI feeds and have the video output "down-converted" from 1080p to 1080i. Thanks for any suggestions.