If DVD is your primary concern then I'd say go ahead and upgrade the TV and don't worry about the wounded feelings of anybody else.
If you plug it into your set up and don't like the experience for some reason then take the TV back and go back to the way it was.
I'd never watched a Bluray or HD-DVD on my Vizio TV. Standard DVDs play fine, the only thing to be careful of is making sure you get the best picture out of what is there (I have to tweak settings so that a 4:3 classic movie doesn't get stretched to widescreen or vice versa.
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