There is a great deal that you must add to your personal knowledge base before you actually make any final decisions.
1. Your TV size and viewing distance isn't just related to the resolution of the TV, it's related to the resolution of the SOURCE material as well as your personal preferences.
2. If your source will always be HDTV, 100% of the time, and your TV is 1080p, and you like sitting in the middle of the theater for movies, and you watch a LOT of movies and want the theater effect, then 1.5x the screen WIDTH for viewing is not a bad idea.
3. If you plan to use this as a primary system with lots of regular SDTV, as well as HDTV, have people over, mingle, and want some space in the room for things other than TV, then going 10-12 feet away from the display is common. Regardless of screen size, it's a typical way of doing things and you can basically disregard the size, resolution, or anything else related to the display.
4. If you want both - then a good way is by combining a front projection setup along with a flat panel. This way you go with a nice 50 or 60" display for normal everyday viewing and your surround system is properly located, but after dark, or with curtains drawn, you bring down a 110" or so screen and fall right into the 'theater' experience.
It really is up to you, but it isn't as simple as looking at a graph, and while you may feel that you're sitting to close, it is accurate to be sitting about 1.5x the screen width when in a movie theater in the middle seats - and that's what home theater is all about. Yet, it's only a certain amount of time that most people actually want their TV to act as a true home theater.