Component to HDMI adapter in the works?

This little item comes straight from engadget!

Friendly tipster Evan M wasn't too stoked to see an Xbox 360 Elite headed for store shelves after he'd just purchased a Premium 360, especially considering the fact that his TV has a whole HDMI port twiddling its thumbs, just waiting to get its game on. After informing Microsoft of his displeasure through what we're sure was a politely worded email, Evan claims to have received a slightly encouraging response from a Microsoft support person, promising an upcoming HDMI to component adapter for the 'box to make his situation perhaps a bit more bearable. Unfortunately, the support person also mentioned that "we do not have information as of the moment if the cable will be sold separately," which might mean such an adapter is only destined for sales with some sort of updated Premium SKU, at least for the immediate future. We'll keep our eyes peeled.