This is a copy of the email I sent to Anthem regarding transcoding from HDMI to component. This may answer some questions.
Subject: Question for nick regarding video transcoding on new D2 Nick
I am about to purchase a D2. Can I run an HDMI signal from my DVD player into the D2, and have it output a component signal to connect to my TV. I have an older Mitsubishi TV with only Component and Firewire High Definition inputs, but want to use the better and simpler HDMI connection to connect my DVD to the D2
Hi Troy, Not allowed if there's copy protection. If an analog input has Macrovision, it can be converted to digital outputwith HDCP, but not the other way around. If the DVD isn't copy protected, then HDMI input can turn into analogoutput, but if it came from Hollywood, assume it's copy-protected. Nick