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rocketpig said:
That's what I figured. I'm still trying to decide whether to spring for a 1.3 receiver and two additional speakers but I don't really see the point. My living room isn't really big enough to take advantage of an 8 speaker setup.

You could always just use digital optical for sound with the PS3 and just connect the HDMI directly into your TV. That's what I do with my HDMI equipment.

HDMI cables are about $4 and TOSLink optical cables are about $3.

A lot of HDMI receivers end up 'passing through' both video and audio via HDMI and you have to connect a digital optical cable and assign it to that output anyhow.  It doesn't seem like much of an inconvenience to run a single HDMI cable and a single optical cable from your PS3 to your receiver to me.  You could bind the cables together so they only seem like one.