Splitting sound from Logitech z-680's

Hey guys, I have a question to ask the experts. Last year I bought some z-680's for my small room set up for when I play my xbox and watch dvd's. Now I have moved out and I am now using it for the living room and it sounds great. Only bad thing is that it only has one optical slot and I want to use it for more then when I am playing games or watching dvds on the xbox. I heard that if I picked up one of these http://www.gameexpress.com/product_detail.cfm?UPC=708056590604 I would be able to seperate the sound to more then one input. Can anyone confirm these rumors for me as I am planning to go to fry's to pick one up so that my tv, ps2 and xbox can all be hooked up for surround sound.

THanks guys.
 
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