I take back what I said, looks like the HDMI converts are much cheaper now ($50) as they are getting clearanced out. So jump on it now while you can still find them.http://www.amazon.com/HDMI-Composite-S-Video-Converter-3RCA/dp/B0047PDBP0
Also, keep in mind $210 gets you a 32" HDTV these days... It would be a huge step up form your typical SDTV if you are in the market, and not a bad price. Personally I bought a large monitor for my computer and use that to watch movies on... not the same image quality as a TV, but it was cheaper and it gets the job done.