I have been using an HD Fury 2 for over a year to connect the HDMI output of a Blu-ray player to the RGBHV input of a projector - and it works absolutely perfectly. Yes the developer's web site for this product has a lot of promotional hype but if you read past that it is clear that this is a well-designed product for doing exactly what it says.
The HD Fury doesn't "circumvent HDCP protocols" - in fact it has to be fully HDCP compliant in order to work. However, it clearly does allow you to do something that HDCP was designed to prevent. As for what it does do: it is simply an adapter box with an HDMI input that is fully compliant with HDCP, and produces an RGBHV or component video output at exactly the same resolution as the input signal.
Last edited by hmb; 2009-12-14 at 02:47 PM.
Reason: Additional information added