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I wish they would
I wish they could agree on what format to use for production of new TVs. It would probably make for cheaper products. I'd almost rather have 5-7 hdmi connections on the back of my TV than a choice of a bunch of different ones.
Unfortunately, the market doesn't agree on which format to use so it's practically a necessity to have a connection panel like the one in the picture at the top.
Hopefully I'll have to worry about this problem one day. As for now, I'll just stick with my trusty dual purpose computer / 360 monitor (vga).
A tip for those that have a new TV and an "old" 360 without the hdmi connection: try out the vga cable, it just might look better than component depending on your TV. This all depends on the quality of the chip that decodes the different signals.
Midnight, something I'm kind of curious about: I wonder what the average response time is per connection format. Of course it's different for each TV, but I wonder if there's a reliable format one could usually fall back on for gaming performance.