We did LCD when I was originally all about plasma. The plasma attraction is hanging it on the wall, although they are quite heavy and they do have less of a life. Plasma screens hung on the wall need major reinforcement which may result in additional work on the house, too (my parents are going to put beams held/reinforced with cement before hanging their 47-inch - and because of the lack of reinforced walls in my house, I didn't get a plasma to risk hanging). The burn-in occurs only if you are sitting on a still image for a long period of time, or if you have flashing images for a long period of time (i.e. DVD screen savers). It's relatively inexpensive to replace the LCD lamp, much less expensive for the screen-size in comparison to the Plasma. We went with a 50' Sony Bravia LCD in the end because of cost, weight, and burn in but I do agree with Elspode...I think the plasma is a bit more crisp...but I love our TV (eh, it might be a bit too big, I admit).
I bought my BF a PS3 for his Bday last year so we often enjoy watching Blu-Ray DVDs and damn - the picture quality is amazing!! So, if you buy a HD capable TV, I really recommend getting a Blu-Ray player to go with it!
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