analog bypass capable receivers???

I know the NAD t-770 has this feature.

My Sony DA-777ES has an analog direct mode that I use with the SACD output of my Sony S9000ES. Not sure how "true" the analog direct mode is, but the receiver does have Pre-outs that I connect to a separate 5-channel amp. Personally I recommend you upgrade to a pre-amp processor (something without noisy video switching) to get the full benefit of DVD-A or SACD. Not sure what your budget is though.

b&k receivers have true analog bypass and are ready for both formats,but i suggest sacd,whether 2 channel or the about to be released multi channel and skip the dvd audio.