I bought a $200 TV once. I wasn't dissappointed so much as to take it back, but I wouldn't recommend it, and I won't do it again.
I don't like how it displays my PS2 games. I did however compensate for that by using a video calibration dvd. Its got the tests and shows you how to make your tv display the best picture its capable of. I highly recommend getting one if you are having problems with bleeding colors, I was.
I wouldn't skimp on the TV at all. I have seen super nice ones for around $300- $400 with component video.
While I am at it, why is the svideo so popular now when the TVs with component input are coming down in price? I know I can get (or at least hack,) a compenent video connector to my card, and its just the original AIW Radeon.
Way back in the day, Curtis Mathis was a big name in tvs, they were just so costly to repair, and thus they went under and now have emerged recently. We had one(from the early 80's.) Played the Atari 2600 super...wait thats not too taxing. But seriously, it was a good tv. Speaking of companies that are going under, I severly dislike K-Mart, always have. My disliking of K-Mart was increased exponentailly when the started to carry Martha Stewart products almost exclusivley. As a matter of fact, I don't even know where the closest K-Mart is where I live.