Up until Thursday I fell into the "plasma needs a few more years to develop and CRT still offers the best picture quality" camp.
However, that was until I saw a properly set up Panasonic 42PWD6. I went from being a CRT diehard to a plasma convert in about five seconds. While CRT does offer lovely pictures, and a well setup CRT rear projection TV leaves little to be desired, I would now never consider anything other than a plasma panel. The picture on a well setup PW6 looks very much like a very large, very high quality, CRT.
I had a couple of friends over who (like me) fell into the "plasma is crap" catagory, and they also couldn't believe the image quality. The big problem faced by plasma is that there are hardly any dealers who know how to set them up even remotely well, and that includes many of the higher end shops (my local Sevenoaks had a Fujitsu plasma rigged up to a Tag McLaren progressive scan dvd player, and the image quality was horrendous). This leads to many people writing off plasma as a contender in the image quality stakes. On top of this, there is a fair degree of variance in plasma performance, so that a well setup plasma from Thompson may not impress, while the Panasonic or Pioneer will blow your socks off.
I can't really comment on an LCD flat panel as a rival to plasma, as I've never had the chance to rig one up and set it up properly. I have setup a Sony Grand Wega LCD rear projection and the image quality on that was also fantastic. I would certainly have no complaints about owning one (although the black levels on the Sony were very weak, but that is something that afflicts all LCD displays) but I would put it behind the Panasonic plasma in terms of overall picture quality.
With the PW6 now available for well below the £2000 mark, which 42" screen to buy is a bit of a no-brainer to be honest. Forget all those grainy, smeary plasma pictures you've seen on the high street and prepare to be blown away.
If you want more detailed info on the PW6, just post your questions and I'll do my best to answer them.
Oh, and just incase you haven't noticed, I'm VERY happy with my new PW6. It has far exceeded my expectations

.