Yes, I think so too. The analogue output looks similar, at least in my unit. It is just hidden by the Video output.
Some 596 owners claimed (here and in Audio-Asylum) that when they auditioned the 588 Vs the 596 through the RCAs they could not find a difference and ended up paying a little extra for the video capability. Perhaps someone from Meridian could shed some light on this and advise whether the units are similar audio wise, through the RCAs.

596, G02, G57
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