This is a great TV. I bought one a few months ago for about $700.
One great feature that this TV has is 16x9 enhanced mode. It compresses the scan lines so that you can watch anamorphic DVDs the way they were meant to be seen--with all 480 lines of resolution.
Honestly, in 16x9 mode, DVDs look as good as they do on any high definition set that I've seen. It's a perfectly clear picture and you can't see the scan lines in this mode. I wouldn't buy a TV without this feature again, unless it was a HDTV.
It's expensive for a 27" TV, but it's probably the best 27" TV that you can buy.
Here is a page with better overview and specs on the TV:
Sony KV-27FV17