Connecting my 3400MP projector to a PS3 - is this the best solution?

I'm looking to hook up my DLP3400MP projector to my PS3. Will the following cable work or are there any issues to be aware of?

Manufacturer Part : 725-10004
Dell Part : 725-10004

This Cable is the perfect accessory for your Dell™ projector. It includes the cables you will need to connect your projector to compatible devices. The kit consists of one M1-DA to D-sub (VGA)/USB (for remote) signal cable, one S-video cable, one RCA audio cable and one Composite-Video cable. This product has been tested and validated for your Dell™ 3400MP Projector. It is supported by Dell™ Technical Support when used with a Dell Projector.