DVDs for watching on new TV: check.
Someplace to lounge in while watching DVDs... Not so much.
Found a TV I was happy with. Some cheap Chinese thing with a strange name. Playing DVDs on the PS2 isn't ideal, but it works okay. Sitting on the floor, watching TV, well, that doesn't work as well. But so far, I haven't found anything to sit on that isn't either too expensive or too crappy or just plain too ugly.
Of course, I've been considering getting one of those fold up rocking chairs that are meant for camping. That might do the trick (and would be useful when, well, camping).