Buying new HDTV but don't want lag while gaming

Hi all.
So I'm getting a new HDTV soon, and I want to connect my ps3 and xbox 360 to it. I'm getting the LG 47LH90 (47" 1080p 240 Hz) and I'm getting the Monster Cable HDMI 114013-00
(THX 1000)  for my ps3 to play movies and such. Thing is, I also want to try Halo 3 online on the TV (I've heard playing Halo on bigger TV's is bad for your aim but I at least want to try).
So my question is will this HDMI cable I'm getting give me any screen lag while trying to play Halo? (Yes, I have an elite so the 360 has an HDMI port) I've heard people say that VGA cables are also good but if this HDMI cable I have works I want to know if I'll be able to use that so I don't have to buy another cable for nothing. Thanks for responding.
HDTV link <http://www.bestbuy.com/site/LG+-+47%22+Class+/+1080p+/+240Hz+/+LED-LCD+HDTV/9318623.p?id=12180844102...>
HDMI cable link <http://www.bestbuy.com/site/Monster+Cable+-+THX+1000+4%27+HDMI+A/V+Cable/9345693.p?id=1218088187400&...>

If you are gonna use an HDTV, you will have to accept lag. Your best bet is to go with a 60hz LCD or plasma, which you can easily still get. None of that 120hz nonsense. But, what you can do is get any ole HDTV and use the Microsoft VGA cable instead of the HDMI. That will do a lot to reduce your lag to the minimal amount because HDTVs don't use image processing on VGA signals and the newer TVs actually support full 1080p over VGA. Your milage will vary though and you should check the manual of any TV you are considering in order to see what resolutions it supports over VGA so you don't make a blind-buy of the wrong thing.

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