@Research2Buy
The Panasonic 42V20 is a FULL-HD plasma that is better (not way much though), than the X20 for native high definition devices like Blu-Ray, some media players and/or High definition video game consoles, very much like your Samsung 550. Except that the V20 performs well with Cable TV and regular DVD players (a given plasma strength).
However, since most of your projected or current usage seems to gear towards standard definition programs like Cable and regular DVD. The Panasonic X20 will be more than good enough to fill your needs, and with the extra push, if and when you decide to take a dip towards native high definition contents.
Do note, that the X20 is a very reflective TV, so it's best "watched" in a room with a controlled lighting environment. Tis best that you check the X20 for yourself just to see if it's "reflectivity" is something you can tolerate.
Never used a USB devise to watch movies from my Panasonic plasma units and my Samsung series 6, so I can't give out an intelligent comment there.
All the best.