HDMI is not better than component? WTF

[DavePS3]

HDMI was introduced to pass HDCP - which Component can't do properly ans of course both HD audio formats - which can only pass through HDMI. Component will eventually be reduced to 480p, letting HD only passable via HDMI. There's a huge fight over it but that's the was things will go. They say Component wont even pass 720p eventually. It's all about copy protection.