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Depends.
A bit small if you are planning on putting it in the lounge. Whats your viewing distance?
*agrees*
I use a 42" for a PC monitor, how you're gonna use a 23" in a lounge is beyond me.
rather get a cheaper-brand 32" TV.
you don't need a PC Monitor's Quality from that far away, especially if you won't even be able to tell the difference.
Edit: Oh, I read you're going to use it for your PC as well
I'd do this:
Keep your current monitor for PC work, and buy the cheapish 32" and set up a dual monitor - that way you can watch TV on the big one, work at good quality resolution on the small one, or both at the same time!