Your Slingbox/iPhone combo just got that much cooler with the addition of the new feature.
If you're using the SlingPlayer mobile app, you'll be happy to know that the latest update adds one very cool extra feature. In addition to a few bug fixes, the newest version of the player adds the ability to put video from your device to your TV via component cables.
It may seem a bit redundant at first, since the Slingbox is essentially sending video from your TV to your iPad or iPhone. There are plenty of uses though.
Take travelling for example. If you're in a hotel with a TV that has inputs free on the back, you'll be able to hook your iPad right up to it so you can enjoy your shows on a decent sized screen.
Alternatively, if you're at a friend's house and he hasn't seen the latest episode of 'Community' or didn't see the Oscars, you can hook your iPhone right up to his TV and show him. Pretty slick.