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11ht11 said:
i have a 42" 720p Flat-Panel Plasma HDTV
will blu ray movies look good on my tv
They most certainly will, unfortunatly the size of your tv in proportion to its resolution will limit your experience, any TV over 37" really should be 1080p, otherwise you begin to be able to see the pixels.

But still, compared to DVD's they will look much better.