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I have Virgin Media cable broadband connected via hard-wired ethernet to three LG televisions around my home. My LG's are pre webOS so they're not as responsive as the new NOW TV 'black' box - but they get the job done. That being said, from what I understand, the newer LG televisions with webOS are quite a bit faster!
Which's model number have you've been looking at?
I thought it would be that one.
It's actually quite an old model. And are you aware it's screen resolution is just 1366 x 768 pixels (not fullHD) and it doesn't offer a FreeviewHD tuner. I realise that the 29MT31S currently costs around £200.00 at Currys. But in the long term I think you'd be better off buying a newer 32" full HD model.