The Samsung LN40B500 was marketed widely on Black Friday for $599. Several retailers, however, claimed that it was a $899 TV that was being offered at this "special" $599 price, an incredible $300 savings. So, I bought one and brought it home to replace my 32" JVC LCD now destined for the bedroom. When I went to hook it up it was immediately obvious that my various electronic components (games, VCR, DVD player, etc.) that were connected to the JVC would not connect to the Samsung because there simply weren't enough connectors. (a bigger TV should have more connectors, right?) To my surprise, there were fewer connectors on the Samsung than I've ever seen on any LCD TV, especially one claiming to be a $900 set. There is only 1 video connector, and that is shared with the one and only component input. That means that if you are connecting an older set-top box and DVD player, you may be out-of-luck. And, forget it if you want to plug in a camcorder with S-video because there is no S-video input. To be clear, there's only one video input, and that can be either composite (yellow plug) or component (RGB plugs), but not both. Most sets have a couple of A/V inputs and one or two component inputs that are separate. There is no analog audio output, and no headphone jack (especially important for a hearing impaired person who doesn't want to disturb others with loud volume.) With no analog audio output, there was no way to connect my sub-woofer. If you want to connect video games, camcorders, VCRs, set top boxes, speakers, headphones--anything that doesn't have an HDMI plug--then you'll need to purchase an external selector box or home theater audio box that could run you an extra $60 to $500. The two HDMI connectors on the set are just adequate. Many retailers will try to sell you HDMI cables for $30 and up. (I usually buy them online for about $6 and they work just fine.) With no way to connect all of my gear, I just connected my antenna cable and had the TV up and running in no time.
Out of the box, the picture quality of the LN40B500 was terrible. The whites were blown out, and flesh tones had a plastic, artificial appearance. The backlight setting was at max, so I reduced it, and also reduced the brightness. I changed the dynamic contrast setting to minimum, and played around with the noise reduction settings. After 15 minutes, I got the picture looking pretty good. Surprisingly, none of the presets came close to providing this level of picture quality.
The audio from the built in speakers was tolerable but somewhat tinny sounding. Again, with no way to hook up a sub-woofer, you're stuck with this limited audio unless you purchase a more expensive home theater audio system.
The remote control is very well laid out and easy to use.
Samsung doesn't publish the power consumption specification of the LN40B500 on their website, nor is it published in the user manual provided with the set. For the record, my set was listed at 180W (plate on rear) but I suspect that reducing the LCD backlight and brightness levels will lower consumption significantly.
In summary, this is not what I would expect to see priced at $899 or $799 or even $699. At a full retail price of $599 it's competitive with models from Toshiba, Vizio and others that have more features and connectors. But this Black Friday Price not really very special. The TV can produce a good picture if you are willing to make the menu settings. I would recommend this unit if you have basically nothing to hook up except a cable box or Blu-ray player. For only $80 more, I purchased the Samsung LN40B550 which offers all of the connections I need (2 component/composite video, 4 HDMI, audio out, USB). The basic B500 model is now with relatives who don't need the external connections.