So you could have a two was HDMI cable and use a something like this http://www.ebay.co.uk/itm/like/162306199773?lpid=122&chn=ps&adgroupid=33676502101&rlsatarget=pla-271883335395&adtype=pla&poi=&googleloc=9046854&device=c&campaignid=707291931&crdt=0 to get the optical output.
Edit: Just like...