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I think you'd be foolish not to buy a 16:9 HD compatible set - especially if you only buy a TV every 15 years... HD is awesome, especially if you like sports, and you can get it OTA (over the air) for free with a cheap antenna. Tivo is great, too, but HD tivo is just emerging and I'd wait on that for a while, just get regular tivo, it's not that expensive.
As for direct view vs. plasma vs. projection etc. that depends a lot on how much room you have, how it will be used, etc....
I have a direct view 34" flat screen Panasonic w/HD and tivo. I went with that because it's not too big and looks great from all angles. Good luck...
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