Obie is correct about the ambivalence of the HD-DVD standards. One thing to keep in mind is that they're at least proposing a host of Digital Rights Management features. On the video side, DRM will be in full force - meaning that none of the players would be allowed to have analog video outs (read: no component outs) in order to ensure the digital protection is enforced.

Not sure how the audio will be handled, but if it follows the video lead, there won't be any analog audio outs, either.