Best Buy offers the Hisense 40" 1080p LED LCD HD Television, model no. 40H3, for $229.99 with free shipping. That's $70 off and the lowest total price we could find. (It's also a very strong price for a 40" 1080p in general.) It features 1920x1080 (1080p) native resolution, LED-backlight, USB, and two HDMI inputs.
Update: Specs corrected.