I'll probably be in the minority and it's not my money, but I have bought 3 HDTVs in the last 4 years so I have experience and trust me I did my research.
I have a 32" 720p Toshiba, 42" Westinghouse 1080p and 58" Samsung 1080p 3D (
I would STRONGLY suggest getting the 1080p, especially with the prices of these things right now. Best Buy isn't the best place to buy, but I am using this as an example. I bought 2 of my 3 TVs from here by doing no interest for 3 years, so it made it really practical. My most recent I got on Amazon (no tax, which adds up on a 2k purchase).
Anyways, here is a 720p 32" Toshiba for $300, which is their best priced 32" 720p TV that fits your criteria (I am exclusing cheaper sets like Dynex and Coby because you don't even want to waste your time over those. You'll regret it quickly like I did with my Westinghouse).http://www.bestbuy.com/site/Toshiba+-+32%22+Class+/+720p+/+60Hz+/+LCD+HDTV/9796424.p?id=1218294500155&skuId=9796424
Now for $80 more at $380 (which might be a lot to you and not justifiable, but to me it is) more you can get the 1080p LG 32":http://www.bestbuy.com/site/LG+-+32%22+Class+/+1080p+/+LCD+HDTV/1199202.p?id=1218231414571&skuId=1199202
You could probably even find a smaller gap on Amazon and not even pay tax and free shipping AND their warranties are cheaper, but for a few hundred dollar TV I wouldn't even get a warranty to be honest.
I can't tell you what is justifiable or not, I can only speak for myself, but to me I would spend the extra $80 (probably even less on Amazon) for 1080p just in case I want a Blu-Ray player, or if in a few years TV starts broadcasting in 1080p...
You have no frame of reference, Donny. You're like a child who walks into the middle of a movie...