Yes the all the Oppo's have variable out and it sounds darn good. You can send picture to your TV from your Oppo and a variable sound signal to your amp for volume control for CD, SACD, DVD, movies.
What you can't do is send a signal from your TV to your amp w/o at least a passive preamp (or audio switcher if your TV has variable output)
What you can't do is send a signal from your TV to your amp w/o at least a passive preamp (or audio switcher if your TV has variable output)