I did a home demo of an Oppo BD93, with it live downmixing HD audio into DTS, plumbed into the coax input if my n-Vi. I then compared this with using an AVR400 to do what my n-Vi was doing.
In this case, decoding the audio (this time via Coax, HDMI, and also the Oppo's analogue multichannel out) and with the AVR running centre, rears, sub, and preouts to the rest of my naim system.
Worst sound was Oppo coax to AVR400.
Next up, Oppo HDMI to AVR400.
Using the Oppo's internal decoding to run analogue into the AVR was better still, and this is how an AV2 user might consider hooking the Oppo to their kit.
However, I still found that my first attempt of hooking the Oppo coax to my n-Vi gave the best sound. I guess the naim is just better at getting the extra out of DTS than the Arcam or the Oppo could get out of an HD track.
Actually it isn't really that surprising... DVD-A and SACD should really sound better than CD... But have you ever heard an SACD player give a more musical rendition of the hybrid disk of "Dark Side of the Moon" than a CDX2 could give from the CD layer of the same disk?
For reference, IF I wanted BluRay, I'd opt for the Oppo and just plug it in, but with only 3 BDs in my library to date, I'm not buying a player yet. I shall continue to purchase "triple play" packs, and when I have 20 or 30 BD titles then the Oppo stands a great chance of being the next addition to my system.
I should also point out that with the audio from my Tivo box, the Arcam was ok, but lagged behind the n-Vi. For playback of my DVD collection, the Arcam again lagged behind. Using the Oppo to spin DVDs gave a slightly crisper image due to the onboard scaling. However, the colour pallette and "filmic" look the n-Vi offers still won out, and whilst audio from the Oppo's Coax was impressive when fed to the n-Vi, it still lost out to the audio from spinning the disc in the n-Vi's drive.
P.S. This may also be useful for you blurum66: http://en.wikipedia.org/wiki/Punctuation