Ok, I'm not very familiar with the ps3 as you know, and i have a question:

What cables should I get, that would give me the best HD experience for the ps3? Which ones do you people recommend? Are they expensive? What do I need?

All you need is a hdmi cable, and no they are not expensive.

HDMI.
no, just don't buy anything that monster cables name in it.

and  u need a HD TV and that its.

HDMI. You can find them cheap online.

Ok so.. another question. Do I need component cables too? Or just the regular Yellow, white and red?

no HDMI does everything. full HD 1080p 7.1 audio

audio and video.

component have video (red blue green) and audio (red and white) can do 1080p/720p/1080i

compositive video(yellow) audio (red and white) 480i only.

I just got some HDMI cables on amazon for $0.02 each. Amazing deal and the picture quality is unbelievably better than the cables that the ps3 comes with.

HDMI is a digital signal. there not a convertion like component or composite

white looks white, not pink or blue.

also HDMI 1.3 supports new colors profiles. full and super white.

which improve colors, and blacks.

That's fantastic news

So... with something like this:

http://www.amazon.com/Mediabridge-Ultra-Version-Category-Blu-Ray/dp/B0019EHU8G/ref=sr_1_1?ie=UTF8&s=electronics&qid=1252124340&sr=1-1

I can just connect the ps3 to the tv, w/o the component or the compositive cables?