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Get ready for 3D TV because it’s coming to your living room sooner than you might think.

On Monday, Panasonic unveiled a 50-inch, high-definition 3D plasma TV along with glasses that make images appear as though you could reach out and touch them.

At a demo at the Panasonic home office in Osaka, Japan, race cars roared right past TV viewers and gymnasts barreled down a runway, launching from vaulting horses and flipping toward the viewer.

“We’ve introduced concrete plans to deliver the first 3D into people’s homes. It won’t disappoint,” said Yoshiiku Miyata, Panasonic managing executive officer.

While the exact release date for the new TVs is unknown, the company hopes they will become available sometime in 2010.

Here’s how it work.

The television tricks the brain into seeing 3D, as high-speed shutters in the glasses work together with the television set to deliver a double-layered image at twice the speed of a standard TV set.

“When the TV is showing the left image, the shutter closes the right eye so people can see only the left image,” explained Keisuke Suetsugi, manager in charge of high quality AV development.

“And the next moment, when the TV is showing the right image, the shutter glass is covering the left.”

Panasonic hopes that this “smaller” version will be a little more popular than its 103-inch model that debuted last October (I’d love to spend 5 minutes with that bad boy!).

The new model will be shown to the public at the CEATEC Japan tech show October 6-10.

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