[Lzen]

Looks like I was not quite right on that. LED is a similar technology that uses LED lighting for the backlight instead of fluorescent that LCD uses. All things being equal and if you find an LED at the same or close price, go with the LED over LCD.

What is an LED TV?

Though LED TVs have taken on a name of their own, they are not so different from LCD technology. When comparing LED vs. LCD TVs, the difference lies in how the screen is lit to produce a bright picture. Traditional LCDs are backlit with standard fluorescent lights, whereas LEDs are backlit using smaller and more energy-efficient LED lights.
If you've ever used an LED flashlight (or compared one to an ordinary flashlight), you can already make a good guess at the advantage of LED lighting: Your picture will be brighter and have better contrast. Additionally, LED TVs have deeper blacks than LCDs (important if you're a movie buff), and the screens themselves are thinner and consume less power. In the battle of LCD vs. LED technology, LED TVs definitely come out on top.
Why would I buy an LCD if LEDs are so great?

The main issue to the LED TV vs LCD TV debate is the price. If you're willing to pay a price premium, an LED TV will bring a fantastic cinema experience to your living room. But for budget shoppers considering LCD vs. LED, LCDs offer a very good picture at a very reasonable price.
What about plasma TVs?

Traditionally, plasma televisions have offered the best pictures (especially if you're comparing LCD vs. plasma)--but at higher prices. These days, LED televisions (depending on model) can offer picture quality that's just (or nearly) as good, with dark blacks and bright colors. At the same time, LED sets are thinner and use significantly less power than a plasma TV.
Plasma still has some advantages. It offers the best viewing angles (in an LCD vs. LED comparison, you'll see that image quality for both isn't as good when viewed at an angle), best colors (although some models of LED TVs match them), and least motion blur. Though you may want to consider a plasma screen if you expect to spend a significant amount of time watching television at angles that wouldn't be ideal for LED TVs.
LCD vs. LED vs. plasma: What should I buy?

What type of television is best for you hinges on how much you're willing to pay for picture quality. LED and plasma TVs offer the highest quality picture available but at higher prices. If money is no option, we recommend an LED TV. But if you're on a budget, LCDs are still great televisions and--in an LED vs. LCD price comparison--can be had for a much more reasonable price.

http://www.amazon.com/gp/feature.htm...cId=1000127431