I have a 4.0 setup. I mostly use my unit via a HDMI, and I can set the eARC extractor to advertise 5.1 capability. I then mix the centre channel equally into left and right with -3db gain. Works well for me.
(The point about the 5.1 vs 7.1 is that there are fewer channels to fake/mix. Different techniques needed when connecting via USB.)
More controversially, I've been experimenting with mixing the .1 LFE channel into all 4 speakers. This is probably counterproductive, but I was worried that I was missing some bass parts for music, if the producers had for any reason decided to push all the bass to the LFE channel. Not sure how much of an issue this is though.