Hey skyman - Check out this link http://www.vpi.us/vsplt-hdtv.html
to give you an idea of the type of device your looking for. In addition to creating two component video outputs you'll also want to think about control over the satellite receiver. If your receiver happens to be both RF and IR controllable you can request another RF remote from your satellite provider. If your receiver is IR controllable only, you can run a Cat5 along with your component video interconnect to set up an IR receiver and connecting block to flash the satellite receiver from the second monitor. There are also IR receiver/senders that are RF and don't require you to run the additional wire, but it's been my experience that these devices are a little hit and miss.