You should consider a piece like the Sony EP9ES digital pre-amp/processor from the late '90's.. Excellent performance on decoding Dolby Digital 5.1, comprehensive bass management, volume control to allow connection directly to power amps should you choose, no video switching, and excellent build quality.
Note: this unit will not decode DTS. However, you won't get DTS from satellite/cable/broadcasts so it's unnecessary for any program from that source. For DTS and the new lossless codecs you can daisy-chain your DVD/Blu-ray player with multichannel analog outs (OPPO BDP-83, for example) through the Sony's 5.1 analog bypass input to let you get into lossless without HDMI.
Note: this unit will not decode DTS. However, you won't get DTS from satellite/cable/broadcasts so it's unnecessary for any program from that source. For DTS and the new lossless codecs you can daisy-chain your DVD/Blu-ray player with multichannel analog outs (OPPO BDP-83, for example) through the Sony's 5.1 analog bypass input to let you get into lossless without HDMI.