Is HDMI connection better than Component?

I feel that an HD feed from my Satellite receiver does looks demonstrably better via HDMI than a Component Video feed to my 50" Panny Panel.

With my DVD player, component is just as good...BUT my DVD player is not an HD unit. Artifacts on panels being what they are, I'm willing to bet that HDMI from the HD DVD will be the way to go- keeping the signal in digital domain all the way to the display.

Yes, definitely use the HDMI connection(s).

With the toshiba the hdmi will transmit 1080i for hd-dvd and normal dvd's that it upconverts, with component you get 1080i for hd-dvd but only 540p for standard dvd (you lose the upconverting) so hdmi is the way to go if you have the input.