As I read it can animate a transparency effect (I believe a copy of a background scrolling like in Fast Striker that can animate the transparency effect but not in real life and interactive) but not i the real time like in a Super Nintendo or PlayStation Game.
Here is what I find in searching...
I am no expert so please excuse my advice but it seems to be a ground and/or support bracket. I found this from the google and it may not be an issue but why to destroy two cables? Why not dig it out of the TV?