AppleTV-Is there a way to convert component/hdmi to RCA/S-Video?

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I am purchasing Apple's AppleTV this week and I have a HDTV which will work fine with the HDMI or the Component Video outs but I just wish they had a RCA Video out or S-Video out for a standard TV that I wish to hook another AppleTV to.
My question, is there some type of converter that can convert either HDMI video or Component Video into S-Video or RCA Video?
 
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20" iMac Core 2 Duo
what magical powers do you have to buy one this week when they aren't out yet?
 

bobtomay

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Texas, where else?
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15" MBP '06 2.33 C2D 4GB 10.7; 13" MBA '14 1.8 i7 8GB 10.11; 21" iMac '13 2.9 i5 8GB 10.11; 6S
Only device I am aware of to down convert a component signal is here.
At $500, can probably almost replace that old TV.
 

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