I have the PS2 hooked up to a 42" HDTV Widescreen, with sound piped to my Yamaha sound system with 10" sub, so game play is pretty cool. We both use wireless controlers, so we can relax on the couch and play. The split screen isn't too bad on Rainbow Six '3', so we'll probably get some more like that. I have seen some true co-op same screen games that we'll get for Christmas stocking stuffers.
Thanks for the input all,
Kyle