Yes. Afaik, the AV8003 will not do 24/96 PCM with Audyssey so one's feelings will depend on what one listens to. For movies, I suspect that most HD is no more than 24/48 but, since it is lossless, it should sound great. For music, one would not be able to make use of Audyssey with 24/96 and 24/192 tracks. Of course, it is still plain MultEQ.
Kal
Kal