No, it won't get you "true" HDMI, but older 360 owners looking to get rid of those clunky component cables might want to take note: that MadCatz HDMI Conversion Kit is now official. The $90 adapter comes with cables and supports HDMI 1.3, 1080p, Dolby Digital and DTS -- but there's no telling what the VGA-to-HDMI signal conversion will do to your image quality, so you're probably better off doing the eBay shuffle and getting a new 360 with HDMI built-in.

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MadCatz Xbox 360 HDMI Conversion kit now officially available