With any luck, I'm going to be pulling in a good OTA digital video signal here pretty soon. Assuming that works, step 2 is to build a HTPC. It will put out digital video over an HDMI connector. This is all well and ood except that I don't have one of those high-zoot HDTV's yet, and since I'll probably sink $500 or so into the HTPC, I don't want to buy one immediately. So, for the time being, how do I get the HTPC's HDMI output to talk to an analog TV? In addition to the normal Yellow-Red-White RCA's I also have component video inputs on the TV. I ASSume this is my best option?
In my head, a couple of years down the road I'll have an HDMI compatible receiver and an HDTV, and will be full digital. For the time being though, I need an effective transition plan.

