sulli's Journal: Apple TV on crappy old TV for audio?

So I was looking at Apple TV and realized that this is the perfect living room audio jukebox, with auto syncing to iTunes (unlike Squeezebox which only streams). But it only outputs via HDMI or component video, and my tv is way too old for that. Anyone have ideas on how to CHEAPLY convert component to S-Video or composite? I don't really care about video quality, I just want to see the menus to select music.