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I had the same problem when I got my new Hitachi TV. It has two component inputs but I had three component devices (Xbox, HD digital cable box, and DVD)
I ended up connecting my Xbox with S video, since I already had the cable. I didn't notice any significant difference between the component HD pack and S video so I didn't have to buy a video switcher.
But at the time I did do some research on component switchers.
There is the JVC JXS111 HD for about $100. You can find it on Amazon, Crutchfield.com, and a bunch of other sites.
Zektor.com has two different models. A four input/one out and four input/two out. They are $299 and $499 respectively
If you do a search at Yahoo for "component video switcher" you'll find a bunch of links that should prove helpful.
Good luck
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