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Had the receiver for 3 years, feeding DirecTV through S-video. Zero problems. Recently picked up plasma ED monitor - Panasonic 37PWD8UK. I was under the impression that the Denon would upconvert an S-Video signal to a component. Have hooked up my DVD player using component. It works...

Details: I'm sitting on the fence between getting 2 different plasma EDTVs. One has an HDMI built in, the other does not (but you can add it). Both are Panasonic - TH-42PWD8UK (no HDMI) versus TH-42PX50U. The PWD8UK is a monitor because it has no tuner and no speakers ($100 cheaper) and...

I have read just enough to be confused. My question is this: in setting up a home theater, is there a big difference between component video hookup and HDMI? My understanding (probably flawed) is that component and HDMI are very similar, with HDMI just having both digital audio and video...