Kotaku was tipped off to a new feature on the chopping block for the next model of PS3s, wherein high-definition output would be become an HDMI-only feature, dropping support for component.
Technically, that's true--but only for movies, according to a statement from Sony released to Ars Technica. Games and streaming content will continue to output in HD via component and HDMI.
"The new CECH-3000 series PS3 requires HDMI only for BD movie output in HD, in compliance with AACS standards," said the company.
AACS stands for Advanced Access Content System, an organization responsible for setting hardware standards. Earlier this year, new regulations were adopted that required the phasing out of HD output through component, dubbed the "analog hole," over the next three years. It's an anti-piracy measure, as it's believed analog (component) is easier to copy than digital (HDMI).
This is a Blu-ray specific restriction, by the way. Your Xbox 360 isn't affected.
I'm struggling to figure out how removing component support for HD output will curb torrenting.