Oh, it's not a big deal- my parents really only have a DVD player to connect to their TV. It was just really weird to see that it didn't have one dedicated component input and one dedicated composite input, instead it just had a set of component, and the manual tells you how to hook up composite to it.
I do find it odd that a budget TV though like this set has 4 HDMI inputs, 1 USB, 1 PC, and 1 Component. It's my general experience that people buying a budget TV use component/composite (mostly composite) and not HDMI. Thinking about it though, my parents could easily use 2 HDMI inputs- 1 from an HD Cable box if they get it, and 1 from a DVD player if it has an HDMI connection.
I'll say this: For the $290 I paid for it (got a $10 refund this morning from Amazon's TV Price Guarantee) it's a great set. Yeah, it has its quirks that I've found, but all in all it works. It's got a great picture quality. Not perfect, but it is only 720p and it is a TV under $300. The important part though is that my parents love it (although I think they just wanted a flat-panel.... they don't really care that much about picture quality). The remote has all of the different input channels on it (TV, AV, HDMI, Component, PC, USB, etc).