Ok, so the other week I bought a HDTV after being lost at a depot for a week it finally arrived at my house. I was surprised at the size of the screen because I hadn't actually seen a 32 inch tv before.
PLAYING GAMES: After setting it up I decided to play THAW on gamecube. The tv really brings out how lo-def current generation games are. Although RE4 still looked pretty good, a little on the blury side though. The speakers produce great sound ( I have a surround sound system, that doesn't really matter). The response time is good (10ms) The only time I noticed any blur was switching between guns really fast on RE4. Im looking forward to getting an Xbox360, to finally get a true HD experience.
WATCHING MOVIES: Watching dvd's on the tv is great, the colours are vibrant and the screen is clear and bright. I only noticed blur once, when the screen faded in fast to an action scene.

Over all Im very happy with my tv. Im sure it will help provide many sleepless nights once I buy a 360.