Summary: I wish I would have tried this on my Playstation 3 before the end of the return period. Watching HDTV it's ok. However even on a computer, when there is a quick change of colors it takes the TV a second to auto adjust contrast and colors. Now playing First Person Shooters such as Call of Duty Modern Warfare 2 or 3, and all other FPS games for that matter, is a complete joke. At first I thought it was a network connection problem.
Pros: Cheap, Watching TV ok
Cons: Lag playing video games will make you motionsick - puke!