Aside from cabling (which is an issue), my *true* problem is this:

My brand new Sony Bravia flat panel doesn't support 1080p over component, only hdmi. Which is fine, until recently I discovered that the Xbox 360 will output 1080p - but only over VGA and component (which is rediculous)! So I'm stuck wondering what to do about that.. what options I have, whether I should look at a different TV (this is already my 2nd one in a month) etc. etc...

I was hoping maybe that a receiver could input 1080p over component, then just pass the signal along in digital format via HDMI... ?

In many ways, I think i'd rather just get a PS3, but I don't think Sony quite has their act together in that department...

edit: the TV is 1080p