You will be able to switch the video, but you will only get the DTS or DD track like you get now from DVD. You will not get the newer Dolby and DTS high res movie tracks (I don't remember what they are called). For those you would need the analog output.
Regards,
Charlie
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Charlie,
Outlaw 970, B&K AV5000, Paradigm Ref 20 and CC (V1), Martin Logan Dynamo, Sony 42" RPTV, Toshiba HD-A1