OK, here's the deal. I have a SB Live 5.1 that I have no live drive for and I want to connect it to my home theater. The problem is that I only have an Optical SPDIF on my reciever, no coaxial at all.

I did some research a number of years ago about getting discrete 5.1 or 7.1 audio from either an onboard or dedicated sound card when using a digital connection such as SPDIF/Optical to a capable ...