They exist and they are currently in a price range which would require selling at least one offspring or significant other into indentured servitude.William said:
The difference between NTSC and ATSC is that ATSC requires a real-time MPEG2 compressor and some other very expensive goodies. It would take dozens of years to pay for itself versus buying another ViP622 for the EDTV. You also need to be certain that your EDTV has an ATSC tuner; most of them do not.
There are some solutions for long component runs as well as HDMI distribution systems. The problem with HDMI will always be copy protection.