Sorry, I don't really feel like reading all of the replies.

I personally own an LED TV. I got mine back in 2009 and I love it. The picture quality is amazing on mine. My stepfather owns a larger LCD TV and he says the picture quality on mine is much better. I don't notice it, but both him and my mother commented on it when they spent a week with me this summer. The other thing I love about the LED is that it is much lighter than the LCDs. I can lift my TV by myself and that is a huge bonus for me.

It all comes down to personal preference, but I love my LED.