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First, you should look at both side-by-side, because everyone's eyes are different. Opinions will vary.
The Pioneer Elite Pro Kuro is considered the best plasma TV. Panasonic is considered the 800 lb gorilla in the plasma portion of the market. They make the plasma glass for many manufacturers, and will be doing so for Pioneer when their next generation of plasmas come out (10th generation). You must also decide if you want separate speakers (monitor) or built-in.
I prefer plasma. Also, a good friend of mine who is a project manager for a very high-end home theater installation company in the SF Bay Area generally prefers plasmas for installs.
Not mentioned above is that LCD's have limits on the side angle view, Plasmas do not.
What is very trick is installing a plasma on the wall, like a piece of art work, possibly framed in and then having a motorized screen (80"-100") come down from the ceiling (covering the plasma due to it being thin) with a front projector for a really big screen.
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