oh wow, thanks for all the input guys and thanks for the warm welcome!
I'm going to put some links down of tv's I'm seriously thinking about getting. If someone would tell me what maybe the pros and cons would be would be great.
BTW, I'm a very responsible user of my electronics, no kids, just friends that act like them lol. After reading about the plasma, I'm liking the sound of it. I do plan on using the tv also for a computer monitor, however I'll definately be careful not to leave the desktop or other static image up on the screen.
These are the tv's I was looking at (cheap brands I know but I'm a relatively poor college student)
Sanyo 50 in 720p plasma: (please cut and paste, I don't have 3 posts lolhttp://www.walmart.com/catalog/product.do?product_id=10929993
Vizio 42 in LCD 1080p 60 hz(please cut and paste, I don't have 3 posts lolhttp://www.walmart.com/catalog/product.do?product_id=10993796
Another question. Would a xbox 360 look better running on HDMI or VGA cables?
I just want to get the most bang out of my buck considering I'll use this tv for games, tv, and watching download/net surfing. I can deal with the plasma only being 720p because its bigger and would have less motion blur. I like the fact that the Vizio is 1080p because it will make my PC look better. I appreciate your help!