It doesn't exisy because of copy protection. If anyone had such a device, it would be illegal. However, in terms of picture only, early last year, PureLink made a DVI to VGA adaptor that was HDCP compliant and sold it until the HDCP boys freaked out. If you can find one of those, you can take the HDMI to DVI cable into the box, then a VGA cable into your display and it'll work. The advantage to the box was that it added H&V synch to the computer based VGA connection. I have one... works perfectly even through a HDMI switcher. As for audio... well, that's a different ball game.
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