It would fix quite a lot of issues, especially with EDID and failing to detect formats.
Given the right standard
IEC 60958-5:2021, the current
consumer standard 15 channel SPDIF and
15 channel programmable SPDIF transmitter, it can be done easily.
GPU's (especially with HDMI 2.0+) can do 1536k total sample aggregates (HDA's max), which is 8 x 192k = 1536k, 15 x 96k = 1440k.
If we stick with the tick box system, and update Windows, we can add the formats needed to SPDIF, although globally (shows on all SPDIF devices).
Unfortunately HDA can't support 15 x 192k, as its too much bitrate and total samples, 15 x 192k = 2880k, ~70 mbps.
Windows also needs to support more than 8 channels for PCM output, try and set more than 8 speakers using Windows config.
The bonus, optical beats conductive copper any day, and no need for power based signals, SPDIF is the digital daddy.
A test receiver will need 2x 8 channel DAC's (for testing) in parallel, with channel routing. Test config, 7.1 + all heighted (except LFE which can be cloned).
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Some future tech:
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Please note that a DMAS does not make DTS-Dolby redundant, instead more into PCM processors at the DSP point (external main unit, not software).
The compressed formats can-are used to bypass channel restrictions (such as Windows, 8 channel) and reduced bandwidth.
You can image the main unit of the DMAS as a PCM processor, with-without DTS-Dolby-Other PCM enhancements.
32 bit float should make volume management at the PCM level (without amp) more doable.
Note that while compressed audio formats decode to PCM, they passthrough PCM processors (not in PCM form, inside a container), until decoded.
Since the main unit is working at the input level (PCM), formats can be decoded as normal, then continue to processing as PCM.