I = interlaced, and 720i doesn't belong in the group(normally). 720p is the appropriate resolution in the progression, and p= progressive. They refer to the way the screen is drawn. With interlaced display, 2 fields are "laced" together to draw the screen, each "field" is composed of every other scanline and each field is displayed every 1/60th of a second (for 60hz) To create each frame every 1/60th of a second (60fps) Progressive scanned means that each frame is drawn completely (every scanline)
edit: corrected