I saw this new Kanex Apple TV to VGA Adapter on 9 to 5 Mac today, and immediately ordered one. The cost? $68 shipped.
This is a great solution (if it works, which it should) for many schools that have older projectors without HDMI inputs (it should also work for any HDMI source). $59 may seem expensive, but a Monoprice HDMI to VGA Converter is in the $40 range, and does not include an HDMI cable. At the same time, Monoprice was out of the HDMI to VGA Converters when I ordered an Apple TV for my classroom, so I ended up buying a $99 View HD model for my classroom. Obvious statement of the day: $59 is much less expensive than $99. I may sell the View HD and buy a second Kanex ATV-Pro if it works.
Furthermore, the Kanex does not require another additional power source and requires one less additional cable in the process. This is a win for education.
I’ll write a blog post when the unit arrives and report how it works.