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Quick help on buying an hdtv

Just some quick advice. I want to move up to a 42" HDTV. Now i'm faced with a few dilemmas.

I could get a no-name HDTV, 42" with 1080p support but only 4800:1 contrast ratio. It's LCD. For £450.

Or I could get a brand name one about £500, non-1080p, but with 15,000:1 contrast ratio. What sounds like the better bet?

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