Okay mine arrived and it worked! Thanks Matthew for the link!
I also tested with tvout2. It works with some games, others not so much, but I didn't even try any settings. I'm sure it can be tweaked but eventually some games won't work.
I have no use for components cables (at the moment), since my plan is to hook the ipad to my car's rear seat entertainment, which is composite. But I did the testing on my Sony 1080p, using composite input. Pictures taken with the iPhone, so take any quality judgments with care, I just mean those as proof of concept.
Here's some pics:
Hope these help!