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I have a Radeon 4850 with an HDMI port. What purpose does this serve? Can I watch movies on my PC on my TV if I have it plugged into my TV? How is this done?
It's basically DVI + audio. You really don't need it if you have ur speakers connected to ur mobo
assuming your TV has a HDMI port, you can set it up as a second monitor allowing You to watch movies or video on it also. ATI Catalyst Control center will show you how to do it.
Gotcha. Could I use it to connect to my TV?
yes
Will it deliver Audio to my TV as well? Basically Im trying to watch movies on WMP or whatever on my TV.