Andy, thanks for the ultra prompt response, have you done this yourself?... to the best of my knowledge we tried this technique with no luck....anything else ?
Just to confirm that my PS2 is connected via component to my Panny PHD8 and it looks the biz!
Make sure that your PS2 is enabled to component output not RGB (select this in the PS2 system config menu) then plug your component cable in and away you go.
is it an old or new slimline PS2? not sure new ones support component and what Plasma there are lots of models so it will depend on the model exactly what you need to do