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Does your receiver have HDMI inputs and component outputs? If so, you should be able to use the HDMI output from your HTPC for the digital audio and video and then have the receiver convert the video to analog and send the output to the TV via component connection. I would think most receivers that have both types of inputs and outputs should be able to convert them to the proper signal if they have the switching capability.
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Nope. upconverting from analog to HDMI is allowed, the opposite is not. It breaks the rules of copy protection, etc. You won’t find a receiver that will go HDMI to analog.
