Well, this is a turn up for the books, a new cable offering a component video connection.
From the Apple website; "The Component AV Cable connects to your iPod or Universal Dock via the 30-pin dock connector and to your TV, home theater receiver, or stereo receiver via the component (Y, Pb, and Pr) video and red/white analog audio ports. The cable also features a USB connector that you can plug into a power source, such as a computer or the included USB Power Adapter." Of note, it also drew my attention to the fact that the iPod nano (third generation) and iPod classic output 480p or 576p resolution, and by iPod touch only does 480i or 576i resolution. So it seems that the Touch is only going to output a slightly inferior interlaced picture.