How does EVO handle HDMI splitting? Splitting PS3 output to two displays


I want to hook up my PS3 to output to two displays simultaneously and was wondering how to do it without introducing lag and spending as little as possible. My two displays are an LG 32LH20 TV and the evo monitor (Asus VH236H).

I also want to use HDMI to output so I do not have to run a separate audio line for each display.

I was originally looking at a passive splitter from monoprice for about $7 but I have read reports that it might not work because of stupid HDCP DRM. How is splitting done at EVO and has anyone else had success with using a passive splitter?