Hi,
ADN4650 can indeed be used to isolate HDMI, using appropriate coupling networks for TMDS/CML to LVDS and vice versa as you suggest. We will have a live demonstration of this at Embedded World show in Nuremberg, Germany, from 27 Feb to 1 Mar, at the Analog Devices booth.
Some application-level circuit design and verification may be needed depending on the purpose (e.g. cable quality/length, HDMI sink capabilities), but the circuits below have been verified to allow isolated HDMI using ADN4650. AC coupling is required in both cases, and then for connecting to an LVDS receiver, the signal is attenuated and a common mode introduced (via resistor network on Din-). Conversely the LVDS outputs have a termination network to allow operation with some CML receivers.
TMDS/CML to LVDS:
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LVDS to TMDS/CML:
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I'd recommend start with the components above, and then you can analyze the signal and see if performance is as desired for the application. If needed, the coupling networks can be adjusted further, or indeed a HDMI re-driver could be added.
Best regards,
Conal Watterson