Yes
The exception would be, and this is the same on the HR2X's as well, for content that requires HDCP. You'd need the TV hooked up via HDMI to be on in order for the content to come out the component output.
The exception would be, and this is the same on the HR2X's as well, for content that requires HDCP. You'd need the TV hooked up via HDMI to be on in order for the content to come out the component output.