[markw10]

I am purchasing Apple's AppleTV this week and I have a HDTV which will work fine with the HDMI or the Component Video outs but I just wish they had a RCA Video out or S-Video out for a standard TV that I wish to hook another AppleTV to.
My question, is there some type of converter that can convert either HDMI video or Component Video into S-Video or RCA Video?

[brokenjago]

I'm sure there is, but please note that your TV MUST support 480P to work with the AppleTV. Considering that neither composite nor Component support these, I doubt you'll be able to do what you want to do.

That being said, it's already shipped? I was under the impression it was shipping in late February.

[Monica Litt]

I'm confused by the formats there.

But I got a Apple TV Video Converter for Windows last week, and it works on my commen (I'd say that) TV. Ha, maybe you can try it. They got trial versions
Links here:
If Windows OS: Apple TV Video Converter - Apple TV Video Converter software, MPEG/AVI/WMV to Apple TV
If Mac OS: Apple TV Video Converter for Mac - Apple TV Video Converter software, MPEG/AVI to Apple TV

I didn't give you the downloads link directly, coz I think you may check it out yourself first.