lowyhong: Seems like the most convenient solution too lol, since I don't know if I can find the other converters suggested in the other posts. I'll check out the electronics stores nearby tomorrow and see how much the cable costs.
Yeah, I had to order mine online. The component to HDMI isn't a bad choice, but then you'll need to buy the component cable anyways. (you could get a composite to HDMI, but there's less point in that IMO, unless you get a converter with a very good upscaler).
You'll need to remember to get a female-to-female component cord/adaptor as well (or see if there is a third party adaptor for the Wii with female component ends) as the adaptor you have has male ends, as does the Nintendo component cord.
SirPrimalform: Yup. This'll give you the option 480p (the best the Wii can do) and means you won't have to swap cables. Remember to select 480p in the options menu and give OmegaX the solve credit (if this is what you go with).
Does the Wii component cable handle 480i, too (I assume it does because the Wii is capable of the output)? I ask because we have a CRT with component inputs, back when that was a new thing I guess, and it doesn't handle progressive.
Edit: This is what you'll need, one with all five inputs and outputs (including the stereo ones, which wouldn't be necessary on a TV with the female ends -- most TVs still have them, I believe) because of the specific adaptors your TV uses:
http://www.amazon.com/Coupler-Splitter-Video-Audio-Component/dp/B004353JBA/ref=sr_1_14?ie=UTF8&qid=1329853685&sr=8-14