Not sure how far in the future this is, but we may not have a choice between HDMI and component soon (at least if we want some things in HD).
http://www.satelliteguys.us/dish-hd-discussions/115664-bad-news-regarding-dish-drm.html
that thread is what prompted me to get an hdmi receiver with 3 inputs. i was just fine on component, but can see the writing on the wall. not to mention, to have 3 devices and a tv all connected with only 4 cables, thats mint!