Pros:
- You get the 5.1 PCM sound, just transmitted analog
- A dedicated input
Cons:
- More cables to buy
- Analog transmission instead of digital
- If you have a separate SACD/DVD-A player, a switch is necessary
It's hard to pop off a list like this, but consider this. Which device has better DACs. The player, or the receiver. The 5760 is a pretty good unit. What I would do, is pick up a good set of analog stereo cables, ( three pair will do the trick ) and try it out. Sales people will try and get you to buy some expensive stuff, but you realy only need to spend about $20-30 bucks. Compair analog to digital, and see if you hear a difference. Also, see if your receiver supports layering PL2 over the analog inputs. If I am remembering correctly, that year receiver doesn't do that. It doesn't allow processing of the 5.1 input ( I couldn't find that info on the Yamaha site, it should be in the manual. )
Of course, the real solution is to pick up a shiny new AVR/ Pre/Pro that handles HDMI audio, and REALY have fun
j