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@ Tecmo

I have a HDTV as well connected with component cables (not composite) have it on widescreen and 480p, I notice 0 lag at all.

The lag that is being talked about happens in all HDTVs. You are correct on response time for those things as well. But for the games where a ms is important (Guitar Hero, Rock Band, etc) they have a calibrate option. So response time is not a big issue to look at.