Get a rear projection DLP. That isn't a flat panel TV, but it will probably only be 18 inches deep, the downside is you can't hang it on your wall. The upside is you can get a lot more bang for your buck if you don't get a flat panel. I got a 48 inch Toshiba DLP about a year ago for right around what you are looking to spend. Make sure to take the time and do the research yourself instead of just taking others words for it.
You might even want to go look at Sam's Club, the last few times I've been in there they have had some fairly respectable televisions for good prices. You can find the TVs they have for even cheaper on the internet, but some of those online stores are risky, you see some really bad stories about peoples experiences online. So if you do buy off the internet make sure that the place isn't a scam, because there are a number of shady places out there. I chose to get mine off the internet, but some may not like that type of situation because if something goes wrong with it the customer service aspect isn't as convenient. Take your time and really figure out what you want!!!!!!!!

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