Actually, buying that cheap Plasma TV can end up saving you a lot of money. I mean, you are not going out as much for your entertainment because you have an awesome television at home that provides you with all the cheap entertainment you want.Here is my Plasma TV recommendation:

The P42T01 uses Hitachi’s new breathtaking style range design and latest plasma technology to create an amazing viewing experience. With a host of outstanding features, this HD Ready Plasma TV will fit perfectly into any living room.

Hitachi P42T01 features:

*  42″ Widescreen Plasma TV
* High Resolution of 1024 x 1080 Pixels
* HD Ready
* PICTURE MASTER FHD Engine
* Integrated Digital Television (IDTV)
* 2 x HDMI Sockets
* 3 x SCART Sockets
* Optical Audio Output Terminal
* SD Card Reader
* USB Socket
* Motorised Swivel Stand

Hitachi unveiled 9 new Wooo HDTV’s yesterday across the pond in Japan. The Hitachi Wooo UT Series will be available in three sizes, 32-, 37-, and 42-inches, all with full 1080p resolution save for the smallest display which features 720p. Super-slim 35 mm thin bodies are a result of several of the televisions’ components and dual TV tuner being removed from the set itself and placed in an external box connected to the set by Ultra Wide Band. All three LCD’s have 250GB of internal HDD space, an iV an iV port for iVDR HDD cartridges, DLNA compatibility, x.v. Color, and Deep Color. The two smaller screens feature IPS Alpha panels while the 42-inch display boasts a 120Hz IPS panel.

Three more LCD’s will become members of the Wooo XV Series, available in identical sizes as the UT Series, and utilizing many of the same features. Once again, all displays are 1080p aside from the 32-inch display which features 720p resolution and all have an iV port. None of these sets have any internal drive space and aren’t quite as thin, integrating all the TV’s components within the sets.

The final three new releases are plasma displays, branded under the Wooo 02 Series moniker, and available in either 42- or 50-inch sizes. The 42-inch big screen features 1024×1080 pixel resolution, while the two 50-inch sets feature 1920×1080 pixels or 1280×1080 pixels. Like the Wooo UT series, the two larger 50-inch displays integrate a 250GB hard disk drive, while all three new Hitachi plasmas features an iV port.

Tzero Technologies today announced that consumer technology giant, Hitachi Ltd. has selected its ultra wideband (UWB) technology to enable wireless HD video for its highly-touted and much anticipated Ultra Thin (UT) HDTV series. Tzero’s advanced entertainment networking technology will eliminate cables and dramatically simplify the connections between the sleek new Hitachi displays and other home audio/video components. The new display series, which debuted at CES 2008, is now available at leading Japanese retail outlets.

“Hitachi UT HDTVs are bringing together some of the most advanced technology in the industry, designed to improve the viewing experience from every angle and with market-leading image quality,” said Masanori Yoshino, General Manager Products Strategy Digital AV Products Division at Hitachi. “After carefully evaluating a number of wireless video technologies, only Tzero’s UWB implementation could provide the video quality and performance that is required for our demanding UT customer base.”

With Tzero technology, Hitachi UT HDTVs will be able to receive high-definition video wirelessly from any HDMI(TM) equipped audio/video component. The wireless connection can deliver transmission speeds of up to 480 megabits per second (Mbps) to support even the most stringent demands of high-definition video and IPTV. Additionally, Tzero’s platform is based on standards from the WiMedia Alliance and is guaranteed to coexist and interact with other WiMedia-compliant devices.

The P50S601 Ultravision Plasma HDTV offers a mind-bogglingly clear, high-quality, and sharp image with the inclusion of Full HD1080 resolution. And there is no shortage of detail here. Close-ups are closer and panoramic shots more vast and pristine in your favorite blockbuster with the P50S601’s 2.07 million individual picture elements creating a superbly intricate color video mosaic.The PictureMaster processor matches its Full HD1080 panel by upgrading all incoming signals, thus optimizing the picture performance of that source material. In addition, the P50S601’s two component video inputs accommodate a broad range of high-end analog input sources, including cable and satellite receivers, DVD players, VCRs, and video games. The PictureMaster also includes MPEG noise reduction, dynamic contrast, dynamic histogram processing, automatic 3:2 film enhancement, four HD aspect modes, and six SD aspect modes.

The three HDMI SimplayHD (HDMI CEC) 1080p compatible inputs included in the P50S601 give it the highest quality connection and connectability with home A/V devices. Multiple high-end digital interfaces that are 1080p compatible and include high definition video and audio in a single cable connection mean that this plasma TV will fit right in with the rest of your system, and given the rest of its impressive list of features, will soon be the leader of the pack.

The P50S601 doesn’t like to brag about the ridiculously gigantic plethora of colors it offers, and, lucky for it, with a 16 bit, 281 trillion color capacity, it doesn’t have to say anything. The P50S601’s sixteen bit processing increases the number of steps to over 65,000 per color for the smoothest and most film-like image possible, ultimately resulting in that gargantuan color capacity. And to maximize the spectacle of all those colors across the screen, the P50S601 provides a wide range of aspect modes so that you can expand the image to the widescreen format while minimizing visual distortion and eliminating the black bars that may be visible on the top or bottom, or even on the sides, of the screen.