The problem with that one is that it doesn't do any scan format conversion. Most monitors won't display 480i so you won't be able to view the XBox dashboard or GC games that aren't progressive. The upside is that you will be getting native progressive for games that support it.

If you want a good TV->VGA box take a look at this: http://www.viewsonic.com/products/video_box_vb50hrtv.htm

I believe it's only abotu $100 and it has been getting rave reviews on the A/V boards. It actually has a quality deinterlacer and scaler built in. It's not just a crappy upscan converter.

-Dylan