This news came out three days ago. It\'s not a big deal, with the ICP tag turned off, you get 720p goodness over component. If you want to enjoy 1080p goodness, then you need the HDMI cable, and I doubt anyone out there who owns a 1080p tv will be worried about a small amount of money for a cable.
With that said, there seems to be enough negative spin of this going around the web that Sony might either include the cable with the premium version or put in some sort of discount/coupon for a cable.