I believe that the Dolby is a function of whatever sound card you purchase.
There are certainly a lot of game quality 5.1 channel sound cards for computers as I'm sure that you know.
As far as I know all or almost all sound cards have a single channel low fidelity input for a single microphone. I haven't seen one that has a 5.1 channel external input.
At the end of the day I have never seen hardware that would do what you want.