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Rob6021 said:
HDMI is one plug, it does all the audio and video through that one plug.

^^^ This one.

You only need one cable. Also, don't overpay for the HDMI cable. The PS3 does not come with one, so you will need to purchase it separately. Don't let the salesperson or fanboys convince you that you need the quintuple insulated, 24k gold plated HDMI Monster cable that costs $100. It's digital. The 0s and 1s over a $100 HDMI cable will not, in fact, look or sound better than the 0s and 1s over a $20 HDMI cable.