Best Buy offers the Sharp 42" 1080p LED-Backlit LCD HD Television, model no. LC-42LB261U, for $299.99 with free shipping. That's $180 off list and tied with our October mention (which required a valid .edu address) as the lowest total price we've seen for this model. Features include a native resolution of 1920x1080 (1080p), 60Hz refresh rate, LED backlight, USB, and three HDMI inputs.

Update: Although Best Buy refers to the refresh rate as 120Hz, Sharp notes it as being 60Hz.