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My plasma does produce a LOT of heat.
The newer LED/LCDs have come way down in price since 3D came out. They are brighter and IMO sharper than regular LCD.
With LED there are two types: edge lit and back lit. Back lit is better but not many are out there, most are edge lit (and back lit costs more).
More important over the type of screen, is the specs.
You're going to want a minimum of 120 hz refresh rate (how many times per second the image is refreshed or changed). 240 hz is becoming the norm and I saw one at 600 hz. A higher refresh rate will prevent pixellation during scenes with very fast changing images. Especially when there are lots of blacks and whites in the image. I find with my 60 hz plasma the blacks go all blotchy. Plus I think it's supposed to get rid of the ghosting when a very dark image shoots across a very light background. You used to see a "shadow" of pixels following the image due to the pixels not being able to go black fast enough.....
You'll also want the highest contrast ratio possible. 5000:1 or something along those lines. The higher the contrast ratio the blacker your blacks will be and your whites will be whiter.
Be VERY aware of what you're buying. Leons etc sell a LOT of 40" and up TVs are what looks like great prices...until you see they are only 60 hz and often 720P
Do NOT buy anything 720P....1080P all the way. IMO it's like watching TV through a screen door (I can actually see the space between the pixels on a 720 tv). That's fine if you're going to sit in the next room to watch tv but if you're sitting at the proper viewing distance it sucks.
Proper viewing distance:
People are constantly putting TVs over fireplaces etc. This is wrong on so many levesl (Literally). Your eyes should be centered on the screen vertically and horizontally and square to the screen. When you look at the centre of the screen you should just see the edges of the bezel with your peripheral vision. This is the correct seating height and position. Any degree you sit away from that, you're losing the effect.
Think of when you go to a movie theatre: do you sit in the front row? No. Do you sit in the back row? no. You try to sit smack dab in the middle and about halfway back.....
I enjoy very much my LCD samsung tv it was on sale at besy buy when I got it for $327