I don't think you can get very bad with a converter like that, the trouble I had was finding one. But using an S-Video to VGA will look great (and a S-Video GC cable will only run you about $10).
I'm not sure if any can be used to watch TV on the monitor, but I wouldn't be surprised if there was one out there (a TV card for a computer is dirt cheap though).
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One day an Englishman, a Scotsman, and an Irishman walked into a pub together. They each bought a pint of Guinness. Just as they were about to enjoy their creamy beverage, three flies landed in each of their pints. The Englishman pushed his beer away in disgust. The Scotsman fished the fly out of his beer and continued drinking it, as if nothing had happened. The Irishman, too, picked the fly out of his drink but then held it out over the beer and yelled "SPIT IT OUT, SPIT IT OUT, YOU BASTARD!"
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