It is, and I have the ps3 running with an hdmi into my receiver, then and hdmi from receiver to tv. My receiver supports dolby true hd, and dts-hd master audio. But whenever I play a blu ray my receiver just says multi channel. When I use bitstream it says, dolby digital or dts, it just depends on the movie. Could it possibly be the type of hdmi cord I have? Or do I have something wrong in my ps3 sound settings? Whenever I do the automatic sound settings, the ps3 activates all of the sound options.
In order to receive a Dolby TrueHD or DTS-HS MA audio signal that has not been unpacked (uncompressed), you absolutely need to use HDMI 1.3, which the PS3 has and presumably your receiver, otherwise they shoudl not be advertising that it supports either of those formats. The cable should not be an issue, although there are now HDMI 1.3 certified cables.
However, because the PS3 already has both of those decoders, and supports PCM, all you have to do is let the PS3 do the decoding, then allow it to send the unpacked lossless PCM signal to your receiver via HDMI.
This is exactly how I have mine set-up in our family room, as that receiver, a
harman/kardon 7.1 AVR 347, does not have a built-in Dolby TrueHD or DTS-HD MA decoder, and I still get the exact same 7.1 channel lossless HD audio.
All you have to do is connect an HDMI cable from your PS3 to your AVR.
Then go to the
Audio Output Settings and select HDMI, and Manual, and then select all the output formats that your AVR supports.
Now go to the
BD / DVD Audio Output Format (HDMI) settings located in the
Video Settings menu. Now select Linear PCM.
This will tell your PS3 to decode any packed audio signal, like Dolby TrueHD or DTS-HD MA, and then send the same unpacked signal to your receiver. Your receiver should automatically recognize the PCM signal and process it accordingly.
Voila, you will now be able to enjoy multi-channel lossless HD audio tracks that come with Blu-ray movies as well as games, like GT5P. 👍