Assume you have appx $2300 budget for a new tv and a huge 20'x8' wall to put it on (living room is about 30'x15'). TV would be going on the long wall, (dimension difference is due to a door near one end on the same wall)
primary purposes is gaming, netflix and general tv watching.
looking at LCD/LED
Will eventually be purchasing a sound system for it (the room is already wired for speakers), but it's not in the immediate future.