uh-oh
you guys need to know something i realized just lately. MDS is right. There is no such thing as an interlaced television. Only a signal can be interlaced (to save up some bandwith). All that your tv does is to up or down-convert the signal to the tv's native resolution. So basically, a tv that accepts 1080i signals maximum displays the picture at 720p. Even if the signal is 1080p, the tv will display 720 lines progressively by down-converting. IF your tv is full hd (1080p), it means that it displays 1080 horizontal lines.
And to answer your question... 1. no you won't see any difference between 720 and 1080 lines at a distance of 8ft. 2. 40in is on the brink of being too small if you sit at 8ft of the screen ("wow" effect). Buy larger if possible, or sit closer. But if you sit closer, THEN you will be more likely to notice the difference between 720 and 1080 lines!
Good thing I bough a full hd tv by the way... cuz I use it mainly for my computer. I have a LOT more space on my desktop and the hi-def images looks WAY better. I can watch a dvd and chat at the same time; still seeing a nice big video image within the screen.
Anyways, besides the goodies, 1080p is the future baby. Saw a trailer of children of men in that resolution. SUBLIME!!!!
p.s. I sit approximately 6-7ft. for tv use and get a little bit closer for computer use since text is harder to see.
1080p only available via HDMI
In sold separately
(say it fast like in tv ads

)