I purchased a Panasonic GT30 plasma set last year that did not come with an s-video input. Sadly, most all new TVs are void of this input, so I basically conceded the fact. Anyway, it's almost a year later now, and I'm still trying to find a way to deal with this. I love playing Neo Geo, Saturn, and Dreamcast, but I am relegated to a composite connection (sans the Dreamcast--VGA box

). My old plasma set had an s-video input, and I was quite satisfied with how the games looked compared to composite. I've done a lot of reading about tapping the RGB signals from these systems, but I was curious what my luck would be with something like this:
http://www.svideo.com/svc2ypbpr.html -- s-video to component
How well would a device like this retain the s-video quality boost? Like I said above, I know RGB is the best, but s-video always looked quite a bit better than composite. So, if this could effectively give me an "s-video quality" image, I would be content.
Aside from my s-video quality question, I'm assuming I'd still run into problems with the 240p content properly displaying via component with this device? Meaning, it would be up to my TV to decide if it can properly output the video getting converted?
Input is much appreciated

.