As we told you yesterday, Sony is said to be doing away with the component outputs on the latest revision of the PlayStation 3 console, with HDMI being the only connection of choice. Actually, this is incorrect, as component support will still be available, but you will only be able to play Blu-ray video if you are using the HDMI connection.
The decision to close down the component output for Blu-ray has more to do with the company getting in compliance with the AACS standards than anything else. Owners will still be able to output to HD over a component connection, but only for HD games and streaming video content.
Blu-ray players sold after 2014 will only offer an HDMI output in order to be in compliance with the AACS standards.