dont waste money on Gimmicks like that, in 2-3 years High Def compliancy will be manditory.
what you probally want is an EDTV, its a step down from an HDTV, where an HDTV goes to 1200+, and EDTV goes to around 853xwhatever..
it will be able to handle highdef signals, and its pretty much the budget line of the HD family. It can do 480P and not much more
You can get 42" plasmas in that variety for around $2500, DLP's are around the same, there are several other projection options as low as $900(now I am talking about big screens, you can get smaller stuff cheaper)
Sony has a pretty good lineup of smaller TV's but readup on them and make sure it does what you need.