What you see is what you get. Take a look at the package. You see two ends of an HDMI cable. That is a plain vanilla HDMI cable that you could get anywhere. Over on the right is the audio dongle, and you are seeing just about the whole thing except for the part that connects to the Xbox 360. It all works fine. This audio dongle is slimmer that the standard Microsoft A/V progressive cable, which is what gives you the room to put the HDMI cable in.
Don't get this unless you have one of the newer HDMI Xbox's. This is not a conversion kit.
Don't get this if you plan on running the HDMI cable from the Xbox 360 to your receiver, with another HDMI out from your receiver to your TV. If that is your setup, just get a plain HDMI cable and save money.
Don't get this if you plan on running the HDMI cable from the Xbox 360 to your TV, AND you have a Digital Audio Out on your TV that you can run to your receiver, AND you have verified that the Digital Audio Out will not truncate any Dolby Digital 5.1 HDMI signal down to 2 channel audio, which can happen with some TVs. Of course, you'll need a spare HDMI cable to test with first, but if you still get DD 5.1 out of the Digital out on your TV, then no need to get this.
Otherwise, if you still need this for the separate optical audio connection between the Xbox 360 and your receiver, then this is perfectly acceptable, though much more expensive than a plain HDMI cable you can get online.
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