I love how many people were snookered by Sony redefining "HD". HD, until Sony got their grubby mitts on it, was 720p60 and 1080i60 (Both resolutions supported by the Gen1 Xbox360). This is because HD was developed for broadcast television using a 20 megabit QAM channel. You'll note that 720p60 and 1080i60 are actually pushing about the same amount of pixels per second.
The original 360 was software updated to support 1080p60 over component for the very few televisions that supported that.
When Sony came around and started harping on their "True HD" 1080p60, they were ignoring established standards to try give themselves an advantage. It worked, to a point. I had many many arguments at the time from people who believed 1080p60 was better for movies than 1080i60, despite the fact that the information content was identical, and the 1080i stream could be dejuddered by a good TV, but the 1080p60 one could not.
The XBOX was developed with a early release forcing(?) them to go for Component. Sony did it´s usual thing and went for to the limit with new hardware and added HDMI 1.3
This was a wise choice for the millions of PS3 owners that today just can hook up a modern TV with a cheap HDMI cable and enjoy High Quality Audio and all the modern HDMI features.
The old 360´s, if they still work requires Component which by todays standard is "old".