I just recently bought a 32 inch 1080p Toshiba Regza LCD HDTV back in November.
I paid only $600 for mine, but then again I bought it on CyberMonday which is the equivalent of Black Friday / Boxing Day, but for online retailers.
I bought it as my first HDTV, the Television I had prior to it was a 21’ Standard Tube TV.
I was also concerned about input lag, but the price was hard to ignore so I jumped at it, because it was very difficult to not pass up a 1080p capable TV at 32 inches at such a reasonable price.
I haven’t experienced any problems, and I play time crucial games such as Gradius and R-Type via my PS2 on it, There IS a Game Mode, but I never tried it to see if it makes a difference, the game seems to play the same as it always has, and I’ve been playing them for years, so I would know if there is a control issue because timing is VERY important for shmups.
And upon further testing with some time restrictive moves on games such as 3rd Strike (Parry training mode) and even Marvel VS Capcom 2 (Aerial Raves with Strider and Chun) on the Xbox versions and both intentionally used at 480i with the consoles standard RCA Composite Cable rather then a Component Cable to see if there was any cases of input lag, on top of using a Red Octane converter which gave me no problems, I didn’t have any noticeable dropped inputs or mistimed moves, which is a VERY important thing in my opinion.
There is only one other TV that is 32 inch that is 1080p that also has a supposed “Game Mode”, and that is the Sharp Aquos model number LC32D62U
However I must pre-warn you. While the TV I bought is very good, however it only supports 1080p via HDMI ONLY…you cannot use 1080p on this thing via component cables, I don’t know why it cannot output 1080p via component and is only restricted to 1080p via HDMI but it is. But other then that, it’s a very good TV, and I’m glad I bought it, I primarily use it as a gaming TV, I watch very little television, and whatever I do watch is usually a DVD movie and not broadcast TV.
The thing has many plugs though, so you can hook up like 4 consoles to this thing.
2 Component, 4 HDMI, and 2 Composite, 1 S-Video, heck it even has a VGA so you can use it as a computer monitor.
It MSRP is $1000, so I won’t lie to you saying I did get it at very reasonable price for $600 being 40% off.