Uhmmm that sounds cool, but i dont think it'll work.
y/pr/pb is a differnt signal than rgb entirely, i dont think you can just comibe the h/v signals on green that way.
Its why they sell those transcoders for alot of moolah. Ive used that aa transcoder btw, it worked great when the "old" hdtv standard was rgb/vga.
Transcoders do take a bite of the resolution and fine detail tho, so should be avoided whenever possible. Also can shift the picture left or right depending on the res timings.
The breakout cable might be worth a try, im sure if nvidia gives u the option of spitting out a component signal, im pretty sure they took care of the sync on green for you.
Like i said, my hd tuner card only has a vga out, but if i set the output to y/pr/pb, and use the breakout cable, it works perfectly over component. The h and v are only used if i set the output for rgb.
K