Is this true about high definition movies?

[billymcmoy]

This is what is says from about.com explaning about blu ray.

"NOTE: Although, currently, high definition resolution can be accessed using the Component Video connections of an Blu-ray or HD-DVD player, this is at the movie studios' discretion. In the future, discs may be encoded to allow access to high definition resolution only via the HDMI connection.

The reason for this is that although the Component Video connections allow owners of older, pre-HDMI, or DVI-HDTV-equipped, HDTVs to enjoy the benefits of Blu-ray and HD-DVD, video signals traveling through component connections are more easily pirated that than those the travel through the digitally copy-protected signal traveling"

is this true because my TV has only got componant no HDMI. i am getting a
PS3 soon so does it mean i won't be able to view blu ray movie disks?

thanks for your time!