The games as most now days do, DO output 5.1 sound, or simply surround. The soundcard is incapable of encoding the discreet sound channels into a single wire, like Soundstorm was able to do. There is an Intel Chipset capable of doing this all over again, as well as another sound card solution that is not readily available to the US market.
The optical output is capable of only 2 channel due to it needing a special encoder to compress it down. Same with any other type of digital output. However, it is perfectly capable of a Digital Signal Passthrough via SPDIF, if the signal is already encoded into DTS or Dolby Digital for example. Even the Creative solutions are not exactly the digital signal as we know it, 5.1 through only 1 cable. Look for the Intel Chipset mobo that has that available if you really want it, otherwise use 3 Headphone to RCA cables.