Things are changing rapidly in the television market, and changing rapidly at Toshiba as well. Only a couple of years ago that company's line was dominated by rear projection DLP designs. Today, flat panel LCDs are pushing those sets aside.

When HP introduced its first line of televisions, after years as a leader in home computers, it featured both flat panel and rear projection sets. Now, however, the company sells flat panel LCD and plasma designs exclusively. Its two new LCD models are both 1080p. Its two plasmas are both 768p—an odd number that originated in the computer world and manages to linger on, at least in plasma designs.

I'm going to let you in on a little secret: The performance gap between LCD TVs is shrinking. Of course, there are enough differences to keep us reviewer types employed (at least for now); we see variations in color temperature, black level, light output, and processing. Still, it's been a while since I encountered an LCD that simply performed poorly, at least from a reputable manufacturer. Let's face it—you really have to screw up to make HDTV and high-definition DVD look bad. As you try to decide which LCD deserves your money, it has become less a question of good versus bad performance and more a question of fit and price: Which model offers the performance and features set to suit your needs at a price you can afford?

The TH-50PZ750U is in Panasonic's first group of 50" 1080p consumer plasma televisions. There is even a 50" model in the 700 series that offers fewer features than the set we're reviewing here, but costs $500 less.

• $1,799
• 50" Plasma
• 1366x768
• Key Connections: One HDMI and two component inputs, one PC/DVI input

• $3,500
• 46" LCD
• 1920x1080
• Key Connections: Dual HDMI and component inputs, two i.LINK IEEE1394 in/outs, one PC input