Assuming from your tone, and the fact that you are living with your mom and dad, I'm assuming you are around high school or college age (sorry if I am wrong)... Which means you play video games, watch espn, or both. The problem with Plasmas is something called "Burn in". You have probably heard of this before, but just to clarify things: If you have a static image (health bar, sportscenter ticker, etc.) on the screen for as little as 2 hours, it can leave a faint ghost that will, in effect, be "Burnt in" to your TV screen. So while this may not be a problem for someone who is technically gifted and aware of the problem, someone who turns on the tv and falls asleep may have a nasty surprise when they wake up.
As for my plug for LCD, many of the problems with past lcd sets are being solved. The sharp Aquos series features "Quickshoot" which brings screen refresh rates to a speed that is fast enough to be unnoticeable to the human eye. Therefore, no more "ghost effects" that people have complained about with LCD's in the past. Also, while 1080P is overrated, is already available on LCD sets, while the 1080P plasma technologies are still being perfected.
In all honesty though, I would only go with LCD or Plasma if you are determined to mount this on a wall. Some of the newer DLP sets measure in with a depth of 7" (InFocus has one i think, there are others I know) and once you get into the 10-12" depth range, DLP's become very available. Just make sure you bring your ENTIRE family to a store that sells DLP models, and make sure none of them are susceptible to the Rainbow effect. I do not suffer, but some people see rainbows if they quickly divert their attention from one part of the screen to another.
Finally, my personal favorite, LCoS. I love how these look, but the price is a problem ($4,000+ for a big screen) compared to DLP and LCD sets of similar size.
As for your source material, I heard from a Best Buy salesman that DirecTV is planning on having 37 HD channels by the end of the first quarter of 2006, and I read online that DirecTV should have upwards of 100 channels by the end of 2007. So you might want to keep an eye on them and jump on any promo deals they announce. Currently, my Charter Digital Cable provides 7 HD channels, but the cable box offers only component output and the picture is terrible. My TV does offer CableCard compatibility, but my family is a big fan of the interactive menus you get with digital cable.
Good luck with your decision