Update on my cheap chinese brick
It turns out the first one i received was either defective or the firmware was buggy. The replacement I've got today works with no problem. It is exactly the same device with different firmware and a slightly different button configuration. So if you don't mind taking a risk and have plenty of time and can wait for the replacement to come in case the first device doesn't work, it is a good overall converter. Longevity remains to be seen.
Gargoyle can you post a link from where you bought your converter? I have a couple nice small square Sony VGA monitors that I wouldn't mind getting some use out of.