Castrade's upcoming CG-USC01HD-PLUS Game Box. It sports composite, S-video, and component inputs, porting everything over to VGA at resolutions ranging from 800 × 600 at 75Hz all the way up to 1920 x 1200 at 60Hz. But, with maximum input resolutions of 1080i or 720p, true 1080p to your display is right out. DVI output would also have been nice, but there are adapters for that, and since the box sports a VGA pass-through you can use that same monitor for PC gaming, too -- you know, in case you start to miss patches and pesky DRM and such. The Box ships in Japan on May 27 for ¥10,000, which equates to about $100 here. Just like that white PS3 in the background, though, there's no word of an official US release.
[Via AV Watch]