I'm really hoping for a higher end 42" in 2013 though...it could allow for the best pic quality of any display as it would likely be brighter and punchier than its 50"+ counterparts.
THe only announced 42" for 2013 is the S series from Panasonic I believe.....So your choice will be limited if you decide to go the Plasma route and need a TV that size....
On a 42" I can see the difference at about 7-8 ft. They have rectangular pixels and the screen door effect is enough for me not to want a 720p. I'd suggest the 42S60(1080p) when it comes out. When they come out go take a look for yourself and see, ymmv.