HDCP usually applies to digital outputs. Component is an analog output. In some cases, HDCP may apply to the HD resolution over analog outputs and reduce the output on these connections to SD resolutions, but does not typically disable. If a device is not capable of displaying HDCP protected content, devices are readily available to strip the protection. Component outputs will continue to be an option as long as analog devices need to be connected.
At this point I have not observed any HDCP implementation on FTA channels, but we never know what the future holds. Has anyone experienced HDCP display issues on an FTA service?