For 40-inch LCD TV with under $1000 price, Samsung LN40B530 40-Inch 1080p LCD HDTV is your best choice (price range $800 – $850). It has an elegant design with a sleek, black bezel and new transparent bottom edge. It is a perfect television for a living room. Best of all, this unit comes with affordable price and many great features.

Here are the features of Samsung LN40B530 40-Inch 1080p LCD HDTV:

• 40-inch high definition TV with 1080p resolution
• TFT active matrix technology, 16:9 Image aspect ratio, Wide Color Gamut-CCFL LCD backlight technology
• Improved picture with 60,000:1 dynamic contrast ratio, 6ms response time and Wide Color Enhancer 2 technology
• Two 10W bottom speakers and SRS TruSurround HD for a rich surround-sound experience from two speakers
• Built-in TV tuner: NTSC/ATSC/QAM, Game Mode, Optical Link
• Three HDMI, two component, and two composite video inputs
• ENERGY STAR Compliant, One-year parts and labor warranty

On my experience, Samsung LN40B530 is easy to set-up and it has a great picture quality. The sound is good, you can enhance it by outsource the sound to external sound system. I used to watch sport programs and playing my PS3 with this HDTV and it works fine as I expected so far. This is truly a great television with great price. I highly recommend it. For more information about the specifications and Best Price,