Pros
I just got this TV today, and it's beautiful. The number of connectivity options on this TV is amazing. It has both digital audio output, and analog audio output, so old home theatre systems can be used with this without any problems.
The On Screen Display graphics for the TV menu, are basic, and most certainly not the most pleasing to the eye, but they are not unpleasant, and are only seen for a tiny fraction of the life of the TV.
There is a small LED (I'm not sure if it's an LED, but it's very likely to be) below the screen, that is orange when the TV is off, and blue when the TV is on. In the time I've been using this TV it hasn't been found to be distracting.
The remote is basic, but does everything I'd expect it to do.
All in al, for the $350 dollars I bought it for on on another site, this is a steal. This TV has all the features of much more expensive TVs from other manufacturers. Even at the $390 or so it sells for on Amazon, this would be a great TV. It would be comparable to a lot of $450 TVs, but might miss out on some of the more extravagant features of the high end Sonys, and such (no light sensor to automatically adjust image settings for you, but I don't really need that).
Cons
None that I can think of
Other Thoughts
I found the default brightness setting to be a little too high, but this might just be so that it looks good in stores. All I did was just turn down the brightness in the TV menu.