cheshirenoir

OK folks, Lets say I was looking at a nice big screen, say something in the 42" (106cm) space and I wanted 1080p as a resolution. Not so concerned about refresh rate, but would like something that'll last a few years. I'd also prefer something with a 24 bit colour gamut rather than 18bit. What is the current thoughts on LCD vs Plasma?

Now I know the refresh rate brightness issues that plagued earlier LCDs are now gone. Are the lifespan of earlier Plasma still an issue (Ie Burn-in, limited running time?) or have they got those out to acceptable limits? Why is Plasma so much cheaper?

What are the things I should be looking out for and watching out for?

Some notes:

Currently I have only got component outputs. All my gear is component. (PS2, Wii, HTPC)
I'd expect to upgrade the HTPC to HDMI pretty much immediately, with something like one of these.
Down the track I'd expect to add more HDMI to the mix as I move towards getting either a X360 or a PS3, (Depending on how much overtime I end up doing)

Feel free to ask leading questions. These technologies are always evolving, and I took my finger off the pulse for 2 years...