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SN75DP130SS and TFP403 for Displayport receiver

Hi,

Our requirement is to use a DisplayPort receiver with 8-bits of R, 8-bits of G and 8-bits of B pixel outputs.

Since there are no chips from TI supporting for the complete Displayport receiver with 8,8,8 bits of pixels, we have planned to use 
SN75DP130SS which produces TMDS outputs. These TMDS outputs will be connected to TFP403 which produces 8,8,8 bits of pixel outputs which can be connected to a MCU/FPGA. Please suggest whether this is correct or wrong.
Please let me know alternate solutions if any.

please reply soon...

regards,

Nagendra