You can get a Dell 2005FPW widescreen TFT with component input...play your PS2 on it full screen, watch TV with a £20 PC TV tuner card AND use the screen as a high resolution PC monitor...much better AND cheaper than having a seperate LCD TV and LCD TFT IMO.
Until HD comes along, DVDs and TV are going to look bad on screens bigger than around 40" or high detailed crisp LCD panels larger than 20" IMO