Increasing Font Size on Lion (2011 Mac Mini)

[aonarch]

Just purchased a Mac Mini today and hooked it up to my 46" 1080p TV. It looks sharp on 1080p resolution, but the font (For everything Finder bar, webpages, size 12 roman, etc) is way too small, 20/20 vision cannot handle the size. I searched around and seemingly the only fix is to change my resolution. 720p looks like junk and the font is not smooth, looks odd, kind of pixelated maybe, hard to describe, but in lamens terms, it looks like bad.

Any way around this?

Thanks guys!

EDIT:

Here is an example of me zooming in firefox and the comparison between the finder bar. Firefox is zoomed in to be fairly readable, still a tiny strain but ok.