Walmart offers the refurbished Sony 48" 1080p LED-Backlit LCD HD Television, model no. KDL48R470B, for $379.99 with free shipping. That's $80 off list and the lowest total price we could find. It features a 1920x1080 (1080p) native resolution, LED backlight, and two HDMI inputs.
Of note, no warranty information is provided.