Will my monitor support?

My friend has a hanns-G HW-191DPB monitor and wants to buy a PS3 but isnt going to buy it unless he can use it on his monitor. Here is our problem...
First his monitor doesnt support HDCP so he cant use a HDMI to DVI cable.
So we were thinking about getting a PS3 Component cable, buying a coupler and getting a Component to VGA, but the question I have is- would his monitor support this? I was reading on the site he bought the monitor from and the specs say "Input Video Compatibility- Analog RGB, Digital" does this mean it will support it?
The site that he would buy the Component to VGA cable states "IT WILL NOT ALLOW YOU TO CONNECT YOUR COMPONENT VIDEO SOURCES TO A REGULAR COMPUTER MONITOR OR HDTV unless you monitor specifically has this capability. Most do not. (Please check the documentation for your computer monitor)"
Could someone please help us he found a GREAT deal on the PS3 but doesnt want it if he can only use his SDTV

 

After checking on google one of the sites i looked at http://www.amazon.com/VGA-Audio-HDmi-format-Converter/dp/B000EI7SBM/ref=pd_bbs_sr_2/105-9110504-2067642?ie=UTF8&s=electronics&qid=1180607176&sr=8-2 has a vga to hdmi converter but i don't know if this will fit your friend's needs but you might want to have him look at it.

 

After checking further on the web it seems hdmi to vga is not possible ( I was wrong in my last reply the device i found on amazon is only vga to hdmi not the other way around).