It should. But you should start thinking about a new tv :)

Description states: "No chipset to convert digital signals to analog signals,just fits for devices with chip which can convert digital signals to analog signals."

So before buying that, you'll need to find out if the Dreamlink can do this.

The dreamlink has a 3.5mm analog video output on its own. No need for converter boxes I don't think?

I don't have a box in front of me but I'm pretty sure you just need the RCa cables for it because it's not included. The mag 254s used to come with them before they came with hdmi cables