I just recently bought a Philips 42" LCD and no doesn't have 1080p as it out of my budget. From my experince of buying do the following

1. View the TV as you would if you view at home.
2. Look at the back see the configuration most have 2 hdmi and 1 component and 2 composite and maybe VGA or 1 hdmi, 2 component and 2 composite and maybe VGA (Philips has the first configuration)
3. Look at the contrast ratio and be aware when the Samsung says 5000:1 its not always 5000:1 as it is dynamic and it may vary.
4. If you can ask the dealer to throw in a HDMI cable. I manage to with my Philps and got a dvd player with hdmi output as well.
5. Are you going to mount it or have it on the table with a stand. For some you have to pay extra for the mount. In the case of the Philips it comes with both.

Right now have my 360 on VGA, my PS3 on hdmi, my dvd on hdmi and my Wii to come will be on component so the Philips made sense to me although one can't deny the sleekeness of the Samsung.

From my own view of Samsung vs Philips the former seemed washed out and not so detail if you look clearly compared to the Samsung. If you want to know why the Samsung looks so bright and vibrant its cause of the overcontrast. Philips has a more natural look in colors. But hey that is my own eyes, for some the Samsung looks better

I got mine for RM7,800 with free hdmi cable, free dvd thrown in with divix capability and usb slot and the wall mount was free. Good buy i reckon and if i had the dough would have gone with the Philips new model which had 1080p looked better then the Bravia X in my opinion

@Silencer,

I got it at Desa Home Theatre in Low Yat Plaza, but before heading there I went to Harvey Norman at Ikano Power to do some viewing. Spent over 20 mins looking at comparsion and stood at the distance I would normally play/watch. Price was RM7800 for my Philips with all the bundle and the 1080p was going for RM16k but didn't bother to negotiate as way out of my budget at Desa (uses the Ambient technology and Pixel plus 2). Harvey will give you the 5 year warranty but Desa will give the 1+1 year warranty. I figuered by the end of my 2 years I will need to change again as 1080p would be more prevailent.