Thanks Kilroy, I do not intend to watch any TV channels on the TV (since I don't watch TV at all). My primary usage is going to be Movies & Gaming, but VT50 is WAY out of my budget (it's stretched thin as it is). The good thing about Panasonic is that they have 3 year warranty on their plasma sets & it's about 30k cheaper than the Sony model as well.
But availability of the GT50 is very scarce here in B'lore, can some one suggest some shop, I would like to demo it once.