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LCD is better for gaming.
LG, Samsung, and Sony are the only brands I would buy from.
Yes, SD channels will look fine on your TV.
I suggest 1080p since your TV is going to be over 40", but it is your call.

Click Here for a damn good LG TV that fits your info.
Click Here for a damn good Sony TV that is 1080p and cost a little more.

If you need anymore help, just let me know.