I've seen a few threads pertaining to how 'you can't see high-def unless you have the $600 ps3, because the $500 doesn't have an hdmi-out'. The truth is that you still CAN make use of your HDTV with a $500 ps3, instead with a component cable. Component is almost exactly as sharp as standard hdmi, and component cables are much more durable and long-lived. The only difference is that there are currently no HDTV's on the market (that I know of) which support 1080i resolution through component; it's specifically an hdmi thing. So, you'd have to settle for 720p, but rest assured, it IS high def!

I apologize if there was already a thread about this. I didn't see one.