In this case when you are doing internal wiring the choice is a dilemma. The problem is today that even with the most current satellite and cable boxes, from my experience, HDMI connections can still be problematic and somewhat unreliable. I also am not sure of the statement that HDMI and component will run the video out of the box at the same time. The fact of the matter is HD from these sources is 1080i anyway so,despite the extra cables required, from the standpoint of video and sound capability component video connections and digital audio will be just as good as HDMI without the hassle and you won't incur the HDCP lock-on delays either especially if you choose to use your AVR as a switching center.