I FINALLY joined the 21st century and bought an LG LV5500 42" LED about a month ago. I got a great price for it through Amazon, and it was fulfilled (two days later) by a store in New Jersey. (The Amazon price was lower than the price on the store's own website.
It's a "Smart TV"--and good-looking too! I sort of have a crush on it).
It has 4 HDMI inputs and RGB/R232/component/composite connections--and this is my favorite: it has 2 USB inputs, so I can copy movies and videos from my laptop onto a flash drive and just pop it into one of the USB slots.
It can play all formats of video files except for FLV, but I can hook up my laptop to it and play those. I even hooked up my old laserdisc player to it!
I signed up for Netflix On Demand (which still seems pretty miraculous to me), and we now watch science and nature programs a lot, just because the photography looks so awesome.
The first thing we watched was the HD version of the Downton Abbey Christmas show and it was gorgeous. The next thing I put on was The Wizard of Oz. We're thinking of finally getting a Blue Ray player.