HDCP only affects connections that can deliver HD signal. When the TV set does not support it the signal is scaled down to DVD quality.
Then again, you talked about component too and the only thing that comes to mind is the fact that practically, only a few HD players will sport analog outputs of any kind and if so, only at the beginning of their respective format's life cycle. If that is indeed true and it's me talking instead of booze, I think it won't really matter if there's one or two analog outputs on an HD player that should otherwise natively support HDCP.
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HDCP only affects connections that can deliver HD signal. When the TV set does not support it the signal is scaled down to DVD quality.
Then again, you talked about component too and the only thing that comes to mind is the fact that practically, only a few HD players will sport analog outputs of any kind and if so, only at the beginning of their respective format's life cycle. If that is indeed true and it's me talking instead of booze, I think it won't really matter if there's one or two analog outputs on an HD player that should otherwise natively support HDCP.