Are lossless Codec's worth upgrading my processor


I have a lexicon DC-2 processor which has a number of the older codecs and lexicon's 7:1 surround capability....works great with HDTV. However, now I'm going to get a bluray player and of course today's technology has lossless codec's and HDMI 1.3.

I can connect a bluray player thru digital to my Lexicon DC-2 and still decode the non lossless codecs...well at least some of them.

The question is....how big is the difference in sound between the new lossless codecs and DTS, Dolby, etc. Is it night and day....or just a little better...or just marketing hype?

(Lexicon DC-2, NHT Power 5, NHT/James 5:1 speakers)
ghstudio
I have an Audio Refinement Pre2DSP Processor. It does DTS decoding, but not the new formats such as DTS HD etc.. I have a Pioneer BDP-05FD bluray player. It is supposed to decode all of the formats internally in this player. Is it correct to say that I could use the 5.1 analog outputs of this player to my Audio Refinement Processor which has the 5.1 analog inputs and enjoy this new format without spending a lot of extra money on an Integra DHC 9.9 processor for example? Is it correct to say I would only need to buy 5 cables or is this a waste of time and money and I should by a new processor anyways for superior sound?
That's exactly why some bluray players have built in decoding and analog outputs....you only need to decode in one place. Just connect the analog outputs to your processor using 6 cables...not 5.
For the most part the hd codecs are night and day. by for the most part I mean it depends on the mix. We subscribe to movie rentals and I have had a number of br's that were just awesome in the audio dept...as well as video. Some however have been a little better. So, for the MOST part, yes, the hd audio is better.