Not all TVs have a VGA port, and you will lose your HD audio.
I wouldnt pay $180 for an add-on when I could get a stand-alone with more features for $200 or less. But that's just me.
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Samsung 56" 720p DLP HDTV
Olevia 42" 1080p LCD HDTV
Onkyo TX-SR674 Receiver
Onkyo TX-SR606 Receiver
Velodyne CHT Front Row 5 piece speakers
Sony SS-SR305 for 7.1 surround sound
BIC H-100 subwoofer
RCA HDV5000 HD DVD Player
Toshiba HD-A3 HD DVD Player
Samsung BD-UP5000 BD/HD DVD Player
Xbox 360 Pro
PS3 60 gig
My own personal AV/HD forum
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