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if movies studios eventually implement HDCP (copy protection), then componenet output will be scaled down to roughly DVD quality, but for now component works great right up to 1080i.

HDMI is digital, and component is analog, so you need a converter of some sort. I think many AV receivers that accept HDMI may have component outputs, but as stated above, I'm not sure it's worth all of the bother. I would get a PS3 (or other Blu Ray Player) and use component output and use...