I just bought a Philips SGP9101/27 component cable set for the Wii/PS2/PS3/XBox360. I have them connected to both my Wii and PS2. The PS2 works fine, but the Wii's sound is VERY low (I can barely hear it, and yes, the TV's volume is turned up). I called Philips and they said there is an option in the Wii to select which audio output it uses. I cannot find this option...the only Audio option I see is to switch between Mono, Stereo and Surround. Is there such an option to let the Wii know to use the Component audio (which I didn't think really mattered since all Component upgrades is the video).
Here is a link to the cable set I bought: