Walmart offers the Hitachi 40" 120Hz 1080p LED LCD HD Television, model no. LE40S508, for $249 with free shipping. That's $151 off list and among the best prices we've ever seen for a 40" 120Hz 1080p HDTV. It features a native resolution of 1920x1080 (1080p), 120Hz refresh rate, USB, and three HDMI inputs.

Update: The price has increased to $259.