Guys, if all he has is 2.1 speakers I highly doubt they have S/PDIF input and DAC in the speakers themselves. He's said repeatedly that the S/PDIF connection he is using is simply going from his TV tuner card to his sound card, on the back of his PC, not from the TV tuner card to his speakers. If that were the case, then yes, S/PDIF connection to a 5.1 speaker system that has a built in DAC and S/PDIF input would be ideal but that is not the case.
Again, I can not think of any benefit at all to using S/PDIF to pass the sound data from the TV tuner card to the sound card when it will be passed just as nicely, and just as digitally, across the PCI bus anyway.
TOSLink delay is on the order of a handfull of microseconds (not miliseconds). The delay between the sound leaving your speakers and reaching your ears is a lot longer than that (at a distance of 2 feet it takes sound about 1.767 miliseconds to reach your ears). If you can hear the delay incurred by TOSLink, you should probably win some kind of prize.