Is the 37" going to be your main TV? I'm in the same boat here in a couple months, and will be buying a 40" 60Hz for the bedroom.
In the living room, however, I'll be getting a 46" 120Hz TV, because I've seen the difference on content that moves fast horizontally (football, hockey, basketball, etc), and it's night and day. On my current living room TV, the picture blurs during that fast movement and goes back to crisp once it stops moving. The 120Hz stays clear all the way through.
So I guess my recommendation is...depends on what and how much you use your bedroom TV. For me, I'm more concerned with the price/size in the bedroom than I am the performance.
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