Looks like we found another 240p-compatible, zero-lag HDMI to YPbPr converter! Links and more details in the post: retrorgb.com/240p-480i-co...
retrorgb.com
240p/480i Compatible HDMI to YPbPr Component Video Adapter - RetroRGB
I just found another zero-lag, HDMI to YPbPr (component video) converter that's compatible with 240p, 480i, 480p and above. It has a standard HDMI input and the YPbPr + LR audio output cables are built-in; This is handy, but the cable surely isn't going to be as shielded as something like HD Retrovision component cables.