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I believe I have the same MS cables in the picture. I use the optical out on the part that plugs into the xbox to run audio to a headset. I know this isn't your set up and you don't wanna drop the money on a headset but you could use that same optical out to run it to a reciever if you have that. Maybe an old reciever from a friend or relative or even Craigs list/ebay perhaps for a cheap deal. Just as long as the reciever has optical inputs. Of course then you'd still need speakers...lol. 



I LOVE paying for Xbox Live! I also love that my love for it pisses off so many people.