I honestly can not keep all the terms straight. I do know that Blu-ray normally does Dolby Digital, ie AC-3, ie 5.1.
Here is what Wiki says:
For audio, BD-ROM players are required to support Dolby Digital (AC-3), DTS, and linear PCM. Players may optionally support Dolby Digital Plus and DTS-HD High Resolution Audio as well as lossless formats Dolby TrueHD and DTS-HD Master Audio.[57] BD-ROM titles must use one of the mandatory schemes for the primary soundtrack. A secondary audiotrack, if present, may use any of the mandatory or optional codecs.
http://en.wikipedia.org/wiki/Blu-ray
If any of those are 7.2, then they may eventually support 7.2. (I say this because I have not seen any)... but then I've just set my system up as 5.1