Actually, its quite easy to get good quality copies of HD cable programming this way. Theres plenty of 1080i/1080p capable YPbPr->HDSDI adapters to choose from, and keeping things sync'ed isn't a problem when you have an integrated HDTV encoder like those sold by Panasonic. Its not cheap to do, and only someone who has money to blow will do it, but its quite easy to setup.
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Actually, its quite easy to get good quality copies of HD cable programming this way. Theres plenty of 1080i/1080p capable YPbPr->HDSDI adapters to choose from, and keeping things sync'ed isn't a problem when you have an integrated HDTV encoder like those sold by Panasonic. Its not cheap to do, and only someone who has money to blow will do it, but its quite easy to setup.