I actually just bought one of these Component/CGA to VGA boards off ebay this week and got it hooked up tonight.
Looks just like this one in the video -
It works well and was easy to use. There is some slight sparkling going on and some odd wavy lines here and there, but I am more willing to chalk that up to my xbox component cables, I've only got the cheap Tomee brand (can't find anything else anymore) And those have some ghosting and issues alone, especially when the audio is connected, they must not be shielded well.
I wanted to test out the xbox on a 4:3 17" monitor and compare it to my Dell 24" Widescreen I have, just to see the difference on vertical games in horizontal orientation.
I'm really torn on what to do. Component directly into my Dell (which supports it) looks better to me than VGA. But I want to build a bartop and this Dell I have weighs a T-O-N! It weight like 21 lbs. A new TV I would think would look even better and weigh less than half of that.
So do I do single player 17" 4:3 with vga board or two player 22" Widescreen with component. Decisions, decisions...