HDMI is a mess, and stuff like
this (or the issues that created a
need for this, to be more precise) doesn't help. Check out the HDMI FAQ in my sig, it may help a bit...
I am using DVI-to-DVI or HDMI-to-DVI cables for video and then using SPDIF (coaxial or optical) for audio except for DVD-A and SACD (which are coming from my
Oppo 981HD via 5.1 analog).
The only times that HDMI really has an audio advantage are DVD-A/SACD (it can eliminate the 5.1 analog if both the universal disc player and the receiver or processor do HDMI v1.1+) and the new HD formats (HD-DVD and Blu-ray). For DVD, HD cable, HD satellite, and even the PS3 (as a game console) the audio you get via HDMI is the exact same thing you get via SPDIF (coax and optical).