LCD's are usually cheaper and easier to find. They're pretty much what most HD companies are investing in creating. However, from my own personal experience I truly think plasma TVs are better for gaming, because LCDs all seem to have a bit of a laggy delay in their projection of video onscreen. I've yet to play Guitar Hero or Rock Band on an LCD and NOT have lag issues, even after repeated calibration attempts.
I also think plasmas usually have a brighter and more colorful picture from my own experience owning both types and browsing through numerous models of each on the showroom floor. However, the big issue with plasma is that, first of all, they're harder to find because people seem to be getting away from them and going towards LCD fully. Also, they tend to have issues with "burn-in" on the TV screen if repeated images are shown on screen over long periods of time. So, that's definitely not good for gaming at all. That's the one thing that can make them terrible for gaming.
So, to each his own. I still prefer the plasmas, but an LCD TV might be a better solution for you.
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