I finally got some GameCube component cable back in April. At first they were giving me all kinds of problems, with the picture always dropping out, a lot of flickering, etc.
Now it doesn't do that anymore. Instead, all my reds show up as a really dark green. All the other colors are fine, just red shows up wrong. Sometimes, though very seldom, it will show up fine. But the vast majority of the time it shows up like this. All my other inputs are fine. HD DVD player (HDMI), PS3 (HDMI), Dreamcast (VGA/S-Video), Jaguar (AV), and everything else show up fine on my LCD.
Is it the cables? They are official cables obviously, and no frayed wires. My component inputs are fine as I plugged in my PS2 to test it out, and reds showed up great.