How will a PC desktop look on LCD

Hi
I am writing from India.I plan to purchase a LCD Tv . Keeping in mind my room size and all , I have zeroed in on 32 inch .I want to connect it to my PC desktop . I will be playing 720p / 1080p Blu ray rips or such high quality media. Occationally I will be using for some data processing also ( maybe some PDF reading or MS Word typing)

Now my question is

1)Which product I will buy an HD ready 720p or Full HD 1080p.Actually my
point is at 32 inch it quite do not matter ( as experienced by most ) whether res is 720p or 1080p. 720p will just be fine for 32 inch LCD . But when using it as PC monitor how will it differ.

2)Then again please tell me the overall display quality that I can see.
I have a plain Nvidia 8400 GS 512MB ram video card .It ha a VGA / DVI-I port.

I dont play games much.But I am concerned about other aspects like the text quality , color quality , Videos quality ( may be simple AVI files with

resolutions like 520/250 or The HD rips ( 1920/1080).

Anybody who is actually using an 32 inch LCD can share their experiences and

suggestions. Any suggestions about brand is also welcome though.
I was zeroing in on
Samsung 32 inch 1080p : Rs 40000/-
Sony 32 inch 720p : Rs 37000/-
Sony 32 inch 1080p : Rs 43000/-

Which One??

Thanks
Shan