Toslink from TV to DAC???

I'm ready to purchase a new LED flatscreen TV for my den. I'm noticing that the only audio out from the TV's are now mostly digital toslink connections. Has anyone tried or currently have the setup using a toslink cable from the TV to a DAC? I guess my concern is the time loss going through additional equipment and actually hearing a voice a second after it was spoken. (I hate reading lips)

Many thanks