N00b has a few questions

And because Thunderbolt is based on DisplayPort technology, the video standard for high-resolution displays, any Mini DisplayPort display plugs right into the Thunderbolt port. To connect a DisplayPort, DVI, HDMI, or VGA display, just use an existing adapter.

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germanjulian said:

I have some questions:
1. No thunderbolt to HDMI exists I take it = cannot plug it into my TV?
3. In Lion can I configure the pixel space/color system output that is used for example RGB 4:4:4 Pixel Format PC Standard

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