Well, being that I don't have a tv (only a TV card in a PC) for the bedroom (which the wife tends to oppose anyway), it does not have to be 120hz (actually this particular TV WAS 1080P). It would not take much to be an improvement over the existing setup.
Anyway you slice it - this is not crap
HP Intel Core 2 Quad Desktop Computer
1 HP Pavilion a6857c Intel Core 2 Quad 2.33Ghz 8GB DDR2 640GB Vista Home Prem
It might be loaded with bloatware.. but thats easily fixed.