I could be wrong but my understanding is that there are bandwith limitations to a lot of the sound cards even those with HDMI out, so thay cannot physically bitstream HD audio even if they wanted to. Hence, why the Xonar, as far as I know, is the only solution for bitstreaming currently available for PCs.
If my understanding is in error, please be gentle.
There are basically 3 configurations for HDMI with the current hardware.
DVI video + spdif audio (nvidia graphics cards, ATI motherboards)
DVI video + spdif audio + up to 8 channel 24b/192khz audio (ATI graphics cards, nvidia motherboards, intel motherboards)
DVI video + spdif audio + up to 8 channel 24b/192khz audio + HD audio bitstreaming (xonar HDAV)
Bandwidth isn't an issue, ATI just put some weird thing about trueHD and bandwidth on their site that doesn't make any sense. pay no attention it.