NO!!! The TV will explode and result in you being physically harmed, the explosion will knock a candle you have burning on the table over which will set fire to your table and as a result smoke damage half of your house, you will make your dog go blind in one eye and make your neighbours hate you as a result. The fire trucks will race to your house and smash two windows to put out the fire, you're insurers will say that the policy is not valid for hooking up a console to a rear projection TV, the media will send a few choppers over your house and you will be on the news with big titles stating you hooked your console to the rear projection TV etc etc etc etc...
ANYWAY, enough BS, it is entirely safe and fine to hook it up. What proof do the other people that posted otherwise have?
I laugh at a lot of trolling that goes on here, any monitor/tv/rear projection tv will burn in an image if left for too long. Ignore the BS posted by ppl who dont know and just plug it in and enjoy it, you are fortunate to have a large TV, make the most of it!
Cheers