480p, 480i, 720p, 720i, 1080i, 1080p - These are the numbers that are associated with any TV that is hitting the market - What significance do they hold - let me explain.
A current DVD player emits it's signal at 480 horizontal lines of resolution - that is termed as Standard Definiton or SD. Now, why can't they just call it 480 and what have an i and a p have to do?? Well, that has got to do with the way the signal is scanned - i stands for interlaced and p stands for progressive scan. In an interlaced picture, every alternate line is projected on the screen twice and this happens at such a speed that you cannot notice it - This was done because the earlier signal processing units were not fast enough to process the entire signal at a single so - So, what did the geeks do - they interlaced the image. Then came better processors that are advanced enough to process the entire image in a single go. The image by image processing and feeding to the screen is the Progressive scanning.
Humanity always thought big and TVs too gained in size. with increased size, came the next challenge - you need more resolution to avoid a pixelleted look of the image. They initially tried to jack up the signals to 540 lines of resolution - it worked to a certain extent.
Something you will see in a portable TV is that the image is always much crisper and clearer and the researchers made a note of the same. The solution to large screens was to enhance the resolution - as an initial step to double it - so, the 540 became 1080 - the p and the i continue to remain the way they are.
In between, there was a more pragmatic approach taken wherein people felt that what would be an ideal count of pixels beyond which the human eye cannot see any difference - the answer was 720 lines of resolution on a TV that is double the size of a 21" TV or on a 42" screen. Researchers have found out that the least measurable angle for a human eye is 2 arc minutes (just as a meter is diveded into 100 cms, a degree is divide into minutes and a 3D degree into arc minutes). So, they concluded that beyond a distance of 6 feet (the preferred viewing position in most houses), it doesn't make any sense whatsoever to go anything beyond 720 lines of resolution.
While the two different streams of research continued, those working on 1080 claimed their study to be superior as the TV would then be capable of displaying better images even from closer distances (most people need some or other argument like that to justify their madness to method). They also justified that work is better done on 1080 than on 720 as there is a future scope of even bigger screens - things bigger than a 42" display.
That explains 720i and p which is now termed as HD ready and 1080i and p which explains full HD.
As with any marketing team, they went overboard marketing the 1080 because bigger numbers sell better and the firms need something to boast about - infact, as of today there are Full HD TVs that are available at sizes as low as 15" which are being used on computers and laptops - you need a microscope to see the pixels lol