As for the cable visibility when the TV is down, on the 3700RL there is a window behind the TV. If I decide on the holes, my plan is to run the cable behind the drapes at the side of the window. Only a couple inches of the cable will be visible when the TV is down.
There is currently a hole in the wall between where the TV box sits and the cabinet with the coax connections. The hole has a plastic grommet that fills the hole and covers any saw cuts. Lowes sells those grommets. That will improve the appearance of a well cut hole.
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