Horses for courses:
Plasma panel:
pro: Excellent contrast (up to 10,000:1 if you believe the ads), usable in most lighting situations, getting cheaper, good viewing angles.
con: screen burn on static images possible, resolution limited at present, altitude buzz on cheap models.
LCD panel:
pro: higher resolution on smaller panels, good colour fidelity (on good panels), usable in most lighting situations, no burn, reasonable viewing angles.
con: contrast ratio not as good (1300:1 on an excellent panel), expensive compared to Plasma.
DLP front projector
pro: excellent contrast ratio, big images, fairly good colour depth, film-like effect due to rounded pixels (good for movies)
con: Colour streaking during fast motion, expensive bulbs, needs dim room.
LCD Front projection
Pro: easily available, good colour reproduction and high resolution, data ready (better than DLP 'cos of square pixels!), can be excellent
Con: Black levels generally not as good as DLP, needs dimmed room, expensive bulbs
DLP rear projection
Pro: all the advantages of DLP front projection plus less dependent on dim room
Con: Very bulky, colour smear on fast motion, expensive lamp replacement, limited viewing angle
LCD rear projection
Pro: All the pros of LCD front projection plus less dependent on dim room, also not as bulky as the DLP models (similar footprint to a Plasma on a table stand), very bright with excellent colour reproduction. Very good bang for the buck (50" HD ready models for under R20K)
Con: Can't be wall mounted, viewing angles limited (but still acceptable), contrast not as good as plasma or DLP, replaceable lamps.
Silicon reflective displays (Sony SXRD)
pros: Front and rear projection available (soon),excellent quality, film like resolution, full HD (1080p), best value for image quality...
con: RPJ can't be hung on a wall... that's about all.
CRT
Pro: great colour, good resolution, bright.
Con: Limited in terms of size (up to 36" or so), F*ckin' heavy and bulky (I had a break-in at my house - they took everything except my 85kg 34" TV

), not easy to find anymore.
CRT Projection
...don't go there...