Probably The cheapest 40" Full HD LED LCD TV on the market at the moment.
Soniq uses LG or Samsung panels in their LCD range so picture quality would be more than acceptable.
Soniq E40V14A 40" Full HD LED LCD TV $299 with 3 year warranty @ JB Hi-Fi
S-PVA (Super Patterned vertical align) mode
LED Backlight LCD Panel 1920x1080 pixel
Four 1080p compatible inputs (3 x HDMI; 1 x Component)
HDMI 1.3/1.4a compliant
Efficient energy saving mode
H178°/V178° viewing angle
Digital noise reduction
VESA 400x200 mm M5 wall mount support