At 42" 720p is all you need. I think the bigger question is if you can stretch to a 50" screen. I'm not that much into TV either, but the difference in my level of involvement and enjoyment watching my 50" vs. my neighbor's 42" is huge -- night and day, especially with movies and sports. If you can swing it and your room is large enough this will make a much bigger impact on your enjoyment factor than 720p vs. 1080p.
Personally I think Panasonic has a lot more invested in plasma than LG (or just about anyone else except possibly Pioneer, but they're much more expensive), so if you're not getting a huge price break by getting something else I'd recommend Panasonic. Mine's been great.
Personally I think Panasonic has a lot more invested in plasma than LG (or just about anyone else except possibly Pioneer, but they're much more expensive), so if you're not getting a huge price break by getting something else I'd recommend Panasonic. Mine's been great.