Yes. The present day dvd players do not upconvert over component vid, however one or two early models did. My friend bought this LG as it was listed as having the 'old' firmware which did do upconverting via the component cables.
Several ppl with older front projectors with only component in have long sought after these units for this reason.
It is possible that his unit was sold to him w/o this feature (hence fraud) but there is a slight difference in the picture quality, so i'm doubting it.

I would love to see one of the newer dvdp do upconverting via the dvi or hdmi connection. My own rptv has the dvi onboard so i can test this myself...if i buy an upconverting player anytime soon.

"Those who preach the myths of audio are ignorant of truth."