Powerstrip won't improve the PQ over S-video.
Only certain ATI radeon cards with DVI connections also support DVI-Component dongles and these are described in the specifications of the individual cards. If the specifications for your card that came with the card or the ones on the ATI website do not say that the card supports a DVI -component dongle than your card does not. AFAIK your card does not have the additional pins enabled in its DVI conector to support the componendt interface using a dongle.
You will probably need to a DVI-component transcoder to do what you want with your current card and if this is the case it would be less expensive to buy a new card that supports a DVI-component dongle or has direct support for a component connection by other means.
Only certain ATI radeon cards with DVI connections also support DVI-Component dongles and these are described in the specifications of the individual cards. If the specifications for your card that came with the card or the ones on the ATI website do not say that the card supports a DVI -component dongle than your card does not. AFAIK your card does not have the additional pins enabled in its DVI conector to support the componendt interface using a dongle.
You will probably need to a DVI-component transcoder to do what you want with your current card and if this is the case it would be less expensive to buy a new card that supports a DVI-component dongle or has direct support for a component connection by other means.