It's the same with the PS3, and any BluRay/HD DVD player I've seen. They tout them as HD devices, yet only give you RCA jacks. I think my brothers stand alone HD DVD player came with component, but he got one of the higher end models. My PS3? RCA jacks, and a note saying if I wanted HD gaming I'd need to purchase an HDMI cable. And a link to their Sony store where the mark up was outrageous.
