Problem with LCD TV as monitor

[acesover8s]

I recently bought a 32" LCD tv to use as a replacement monitor, hopefully to get 4 of these old bastards off my desk.

Anyway, fooling around with settings (using multi-res and windows display properties) and 1280 x 720 fits on the screen, but the monitor should do better resolution, and everything looks kinda poor, especially type.

However, if I set my monitor to 1280 x 768 or 1360 x 768 everything looks great, EXCEPT the screen is off of the television by 2 inches to the left, so I cannot access my icons on the far side, and on the right side there is a large black bar.

Any ideas, or places to go for an idea?