Is pressed wood environmentally better, worse, or neutral compared to regular wood?

Hanging the TV in the alcove prevents people from watching it from the sides. The alcove which is 2 feet deep and 4 ft wide by 9 feet high, has a lot of unused space. Putting a bookcase/entertainment system there makes the space more useful.

We have a lot of nice furniture pieces(bought and donated to us) Just expensive wood holding crap. If you can say we're "enjoying" it, then we're having a blast. We once bought a $1500 custom made cherry wood bed(at my wife's insistence). Used it for 10 years(I break it down to 150/year, 12 bucks/mo, 40 cents/day). Not the most expensive thing in the world. Needless to say, we gave it away, fearing that it'd be a hazard to our kids(imagine that, it just doesn't cause cancer).