I am getting a plasma tv. My xbox is only component. First of all is there a real diffrence between component and plasma? And if there is can I get something that will let my 360 play through a hdmi cable without having to buy a whole new xbox?
Yes there is. It is pointless at best, and harms the signal at worste. Just hook your 360 up component. Alternatively, does your plasma have VGA in? That is likely to be the best way to hook up your old 360 if you have a VGA port.
HDMI converter = bad
Component = fine
VGA = good