The real answer: Both are excellent and what you should send your display depends tremendously on what you are using to feed the display and what type of display you have.
Odds are that while your display ACCEPTS 1080i or 720p, it truly only has one native resolution. That could be 1280x720 or 1920x1080p or something else. Many 50" plasmas are 1366x768 for example.
So, what do you feed your display? That's just it - pick one, try it, see how it looks, then try the other, try it, see how it looks. Different displays process video a lot better than others. If it is an upconverting DVD player, many of the cheaper players (Samsung, Sony, Panasonic, etc.) don't perform very well. But, their more expensive models, especially Panasonic, perform very well for upconversion.
So, while the above poster is dead on about what format can be better at certain times, it is still impossible to say which format your display should receive.