If I want to get S/P DIF bypass mode, I should first try to do it in a non-hackish, standard compliant way. So, what does USB.ORG have to say about the matter? Well, it does provide some info in the form of version 1.0 of the Universal Serial Bus Device Class Definition for Audio Devices, and more importantly the supplementary Universal Serial Bus Device Class Definition for Audio Data Formats.
What do I learn from this? Well, I find out that what I want is the device to support a Type Ⅲ format. A Type Ⅰ format would be normal PCM. A Type Ⅱ format would be the case where my receiver had a USB connector and took in AC-3 or MP3 files directly. In a Type Ⅲ format, the compressed format is sent along as pseudo-PCM which is what I need. Unfortunately, the specification says that if my device supports such a thing, it should have an alternate streaming interface exactly the same as the PCM interface, except the format type should be FORMAT_TYPE_III, and of course my AAM device has no such interface.
The other potentially useful bit of information that a Type Ⅲ stream “The non-PCM encoded audio bitstreams that are transferred within the basic 16-bit data area of the IEC1937 subframes (time-slots 12 [LSB] to 27 [MSB]) are placed unaltered in the two available 16-bit audio subframes per audio frame of the Type Ⅲ formatted USB stream. The additional information in the IEC1937 subframes (channel status, user bits etc.) is discarded. Refer to the IEC1937 standard for a detailed description of the exact contents of the subframes.” Well that is interesting, and if true, how is the receiver supposed to figure out that it's seeing a compressed stream? Or will a supporting USB device add this information back in for you?
Oh, I watched the director's cut of Daredevil on my PC using the AAM, and I got beautiful DTS 5.1. Given the importance of sound in that film, surround sound is the way to go. Also, the director's cut is the way to go; the story has much better flow, and makes more sense.