I tried for months to get this working. Ordinary, cheap DVD players of around 30 euro's do this trick natively..
To cut a long story short, it's a limitation of your chipset.
SPDIF/passtrhough is literally a passtrough, which means that the DAC (Digital to Analog Converter) is by-passed. That means that you either have sound in 5.1 through your receiver or stereo through line-out.
It sucks bigtime. But it's not something the MP community can help you with.
BTW: some chipsets DO support parallel SPDIF and line-out.
Hmm, on second thought, this trick might do it:
http://ac3filter.net/forum/viewtopic.php?p=876
I've built this graph in Graphedit, but I don't know how to instruct MediaPortal to ouput the audio accordingly.