Only if the BluRay player has TWO HDMI outputs could you send audio via HDMI directly to the Realiser's HDMI input, and also video via HDMI to the AVR and on to the HDTV from there. And you can also connect the AVR's preamp-outputs (whose presence needs to be a prerequisite for the purchase of any AVR) would go to the analog inputs of the Realiser, for delivery of decoded discrete multi-channel analog to the Realiser for any other multi-channel A/V source you might have (e.g. DVR, DVHS, etc.).
The Realiser can accept BOTH (a) analog input and (b) HDMI input, using the MENU button on the remote to toggle the selected input for any particular use.
NOTE: the A-to-D converter in the Realiser's input path is excellent (as is the D-to-A converter in the Realiser's output path). The audible difference when using direct digital LPCM input via HDMI vs. using discrete multi-channel analog input is very small. Really minor. Not dramatic and significant, as I believe many Realiser owners will confirm. Nothing like the very dramatic improvement in "SVS pleasure" and sound quality observed when upgrading your headphone/amp from something like the entry-level Stax setup to something truly high-end.
==> don't get obsessed with hunting down an HDMI solution. You could have a tough time distinguishing the results from analog inputs in a blind A/B comparison (which is very easy to set up).
Edited by dsperber - 12/10/12 at 5:23am