Flat screen televisions will be dropping significantly by 2006, according to this Time article. By 2006, a 37″ LCD TV will likely cost $2000, a 42″ plasma TV will cost $1000 by 2007, and a 37″ LCD TV will cost $1000 by 2008. The reason, say analysts, is upcoming over-production in the Far East.

If it does follow that schedule, I’ll be asking what took it so long. While there are plenty of technology hurdles to manufacture LCD screens to such large sizes, but given the market potential and thirst for revenue in the Far East, I’d be surprised if prices didn’t drop faster.

(Hat Tip: TVPredictions.com Newsletter)