I have a $400 hd tv and it's perfect for games. 40" not too big, not too small no hd lag. But most of my friends who have plasmas have crazy hd lag. Maybe they dunno how to change their setting to "game mode " but it's annoying, especially in fighting games
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Typically it's user related. 80% of people don't know the first thing about a tv. I've had to calibrate all my friends tv's so when we play tekken or smash bros or especially shooters the lag is as minimal as possible.