Blu Ray playback over component video cables
I just got a brand new PS3 Slim with OS 4.21. I bought an official Sony Playstation component video cable so that I could use the system on my really old LCD high-def TV. The system looks amazing and crisp, and everything seems to work well...except Blu-ray playback. As soon as the movie starts, it goes down to NTSC resolution with all sorts of artifacts and huge black bars on the top and bottom and it's unwatchable.
After some research, I discovered that this is to conform to a new standard that prohibits the playback of copyrighted Blu-Ray discs over analog cables to stop piracy. This has me rather incensed, because I have a legitimate TV with a legitimate PS3 and a legitimate blu ray movie...and I can't watch it. I refuse to be forced to buy a new TV because of their arcane rules.
Does anyone know of a workaround to get BD movies to play over component video cables?