No, you don't get it, HDMI is for monitors as well, but it's main implementation is in HDTVs. If you have ever seen HDTV connected to a hd media then, you'll know what the wire clutter will look like.
*www.hdcabling.co.za/images/5_RCA_Component_Video_Audio_Coaxial_Cable.JPG
In what world, do you think this is better than HDMI!