[SteveCallas]

120hz is and has been nothing but a gimmick, and current LED backlit LCDs have a lot of room for improvement. All the reviews on the LED backlight models have been disappointing, as there aren't enough densely packed LEDs to achieve the proper effect - 92 or so won't cut it. I'd save your money and skip the 120hz "feature" and just find a good, current, cold cathode ray tube backlit LCD.

I've got my eye on the new Honeywell LCDs as a potential future upgrade - up to 82" commercially available. Every company from Sony to Sharp to Samsung to Phillips has had to pay for patent rights to all the best LCD technologies from Honeywell, now they are stepping into the game themselves....should be interesting.

The next, next big thing in the pipeline is OLED, but it's still got a handful of years to become economically feasible.