Yeah, the Tv-Out should be all you need to replicate your monitor display on your tv.
Hook the tv-out up to an av(RCA) cable and chuck it into av-in on the tv, then take your line out from the pc soundcard and hook that into the audio in on the tv and you can watch all your fav movies that you have on your pc.
If you are wanting to use the tv as a monitor though, the quality is pretty bad, but for video, it's not noticeable.