Summary: I purchased this for my summer rental. It does not compare to my Pioneer plasma, but for it's price and purpose it's a great set. The out of the box settings are not good. I changed them to movie mode, set the color to neutral and notched down the contrast by 5. With those changes, I'm pretty happy. I've watched from as close as 3 feet. Have not seen any pixelation or motion blur. I am feeding it a Dish Network HDTV signal. SDTV doesn't look too great.
Pros: Picture and Price
Cons: Bottom joystick - found it by mistake, else would have no idea it was there.
Summary: If you are hunting for an led TV which is blessed with advanced technologies and horde of awe-inspiring features and on top of that you are not ready to pay a tad huge amount from your pocket.