The specs in the CNET review say Analog Upconvert, so this receiver should do what you want it to. The Yellow cable is video and the Red/White are audio. Keep in mind that this connection is about as low quality as you can get, so don't expect a stunning picture after it gets converted. The Analog Convert is really for convenience so all input devices can connect to the TV through a single HDMI. This reciever also has HDMI Pass Through, which allows the receiver to pass audio and video from a device (like DVD player) to get to your TV without the receiver being on. I like this feature since it allows you to use the TV speakers instead of always needing to use the receiver and surround for audio.