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Sears offers the Seiki 32" 720p LED-Backlit Widescreen LCD HD Television, model no. SE321FB, for $279.99. In-cart it falls to $199.99.
With free shipping, that's $80 off list, tied with our mention from two weeks ago, and among the least expensive LED-backlit 32" LCD TVs we've seen without rebate hassles. Sales tax is added where applicable. It features a native resolution of 1366x768 (720p), LED backlight, 1,000:1 native contrast ratio, 300 cd/m² brightness, 8ms response time, USB, three HDMI inputs, and VGA and other video inputs.
Update: Shipping is no longer free. Opt for free in-store pickup to avoid the $19.56 shipping charge.