My old monitor doesn't have HDMI input. Reading text through the composite out on a old TV is painful. They should have used a gpu with DVI-I output, so that it would have digital and analog (VGA) output pins, in my opinion. Nevertheless I'm waiting for mine to arrive :)
I have one of those, but the Rpi HDMI doesn't have analog pins, afaik, which precludes its use with older LCD monitors with only a VGA (analog) input, which was what I meant initially, sorry if I didn't make myself clear.