The article, "Getting the Video out of Your iPod--For Cheap" was written by Erica Sadun, author of Modding Mac OS X. She does a great job at explaining how to make it work--clear and concise. I tested it myself--works great.
Thanks, Erica!
Here's a photo of the cable you'll need:

Once you get your iPod set up (the article tells you step by step) don't forget:
- Plug the red RCA plug into your TV's yellow RCA jack.
- Plug the yellow RCA plug into your TV's red RCA jack.