This is cool....the only thing that is a bit annoying is the fact that the audio won't be 5.1, it will likely be stereo. I mean, for YouTube videos it doesn't matter. But if you are streaming a movie or something, then that may be an annoyance. But that could just be me. This is assuming that you have a digital audio source plugged directly into your receiver ofcourse, as opposed to your TV.
Hmm, interesting point... I would be plugging this thing directly into a giant Pioneer receiver--never the TV monitor--and certainly HDMI is not itself an impediment to 5.1 audio, but details on supported digital audio formats seem a bit scarce now.
I could be mistaken, but the video, images and copy all seem to go to the TV.