You could get the braces and then a cheap 32" TV. I picked one up recently for £250 (boxed return - usually £350) and ok it's not AMAZING but it's great for xbox, and dvd's through the xbox look good too as on VGA it upscales them.
Not amazing on SD TV but then neither are a lot of more expensive sets, I've looked at Panasonic's and Sony's that didn't give a better picture for SD tv.
Which? magazine's best buy HDTV is a 32" Panasonic which can be had for under £900, so I'm not sure personally that's it worth spending over two grand unless you have a lot of money.