So today I purchased a new LED TV but only has one set of HD components (red, blue, and green inputs) which I use for my Direct TV HD receiver. Therefore, there is no room for the components to play my first gen Xbox 360 unless I unplug between the two and that's a hassle.
My tv also lacks a VGA port but has two hdmi ports and my first gen Xbox 360 does not have an hdmi port. Is there an adapter that I can use to plug it into hdmi so I do not have to constantly unplug between the two?
You can't convert component into HDMI that easily. Component is an analog video signal converted from a digital one and HDMI is a digital one. So you need a receiver with videoprocessor to convert the analog signal back into a digital one. Also 1st gen 360 doesn't support VGA but DVI and you have the same problem again.
Had the same problem as you and you have 3 options.
1. buy a switch to switch between signals
2. buy a receiver with videoprocessor (AV receiver that can do that are expensive)
3. buy a new 360 with HDMI
I just bought a new 360. They aren't that expensive anymore and they are much more silent and use less power (and they look better).