Help with a new TV.

Hi everbody,
The girlfriend and I close on our new and smaller condo the 15th of this month. Because it's smaller it has been decided that a wall-mountable, flat panel tv is going to be necessary to make the living room livable. Needless to say, I am all for this, and after a fair amount of research have decided on the following set, keeping in mind our budget is $2500 plus installation. The set in question is the Sharp Aquos 32" LCD HDTV. The picture quality and sound are both excellent, it is fully equipped with all the necessary ins and outs, and seems to have a very good rep for reliability. Sharp says the estimated lifespan is 60,000 hours, at a very high 5 hours per day that means it would last almost 33 years, more than sufficient. Given our budget are we making a wise choice, please keeping in mind we have space constraints that preclude and DLP set. Any alternate ideas would be very much appreciated as would support for the Sharp. Thanks.