I have a 60" Grand Wega and am wondering what additional hardware and cabling I need to connect a PC/Laptop to it using the VGA output of the PC and component inputs of the Wega/
You'll need a VGA->Component transcoder. Run around 110 bucks. Audio Authority seems to be the unit of choice in the bang for the buck dept. Search on Google for Audio Authority and you should bring up plenty of hits.
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