Since we are on a roll today covering PS3 news, Wired Blogs covered information confirmed from Sony that the low-end PS3 (the one that only has component-out) will not be able to display 1080p Movies/Games. In fact only the high-end PS3 will allow that over it’s HDMI connection, unfortunately the high-end bundle does not come with an HDMI cable. Most folks who are used to $15 component cables figure “No biggie” but don’t realize that the average HDMI cable from the average retalier run about $100 a pop, so your $600 high end PS3 is now $700 out of the box. Luckily there are good vendors out there that don’t hate you and will sell you excellent HDMI cables for reasonable prices.
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No 1080p on Low-End PS3, High-End PS3 Doesn’t Include HDMI Cable
Sat, Sep 2, 2006 
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Riyad Kalla - who has written 1637 posts on The “Break it Down” Blog.
"Ultimately I just want to provide a resource that folks find useful."
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» Sony PS3 Launch Pushed Back Says:
September 6th, 2006 at 11:02 am[...] In true Sony fashion, after deciding to release over a year after the XBox 360, they still try and play the strategy card with features thinking at this point they have the leverage to (with both the PS3 and SXRD sets) [...]
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September 5th, 2006 at 9:12 am
You’re also assuming that Sony is using a standard HDMI connector on the back of the PS3… the PS1 & PS2 have a proprietary “AV out” connector that you need to buy a special cable in order to use (which has the Sony AV out on one end, and composite, component, or s-video on the other).
Hopefully, it’s just a standard HDMI connector.