I think its mostly for connecting to modern TVs.

Cause it doesnt matter if you get one of those new FPGA consoles, or buy an original console and spend money modding it for HDMI and other shit… it typically comes out to similar cost.

Unless theres been a radical change in price in the last year, HDMI mods for consoles are stupidly, insanely expensive. like 150-200 a pop last i checked, regardless of console.