I had a 16 year old mitsubishi 27" and traded it in (gave it away) for a 32 Sharp Aquos LCD HDTV (paid about $650 at costco).
JUST SWITCHING TO THE LCD doubled my regular sharpness of dvds and my xbox 360!!! then I hooked up the component videocables RGB and got a little more sharpness on the video game.
I'd HIGHLY RECOMMEND getting a newer LCD HDTV. if I were to do it all over again I'd get a SONY LCD if I could swing the price...
p.s. tried Vizio 32, but didn't like the "colors", they never looked real.
pps... I'm also waiting on tuesday for GTA4. I'm not huge into the violence or shootem' up, but love to explore the sandbox worlds of gta...