It should be one time. Just make sure you don't format the Wii's 512mb of flash storage or else everything would be lost.
The component rgb is separate. Gamestop sells it for $34.
The Wii's max res is 720p. Considering the Wii's graphics aren't really state of the art, 720p is fine. 720p is also just the right res to make web surfing very comfy.





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