Looks very good to me. Its a true component to rgb transcoder. Supports all HD modes. The 480i feature is a bit vague, but it sounds like it does a crude upscanning of the signal so you can set your consoles HD features....but I don't like that the disclaimer of "It is not guaranteed that you can use this feature."
Also the brightness feature sounds very usefull. My existing transcoder (from xboxhacker.net) displays a dark picture.
Good find Edgedamage.