It's still TV to mixer to speakers in that case just the TV<->mixer portion is SPDIF digital instead of TRS analogue. I.e. the mixer is the DAC instead of the TV and the analog portion is limited to the actual connection to the speakers.
TV selection options go through the roof while analog loss and interference in the mixer is eliminated.
Next time I'm in the market, I'll consider this. I'll probably have to get a mixer then too, instead of using this half broken 30 year old one I have kicking around.
TV selection options go through the roof while analog loss and interference in the mixer is eliminated.