PRO: I bought this TV at my local Costco for $799 and it's a SMOKING deal. This TV has everything you could want in a TV. 4 HDMI hook up's, it's got a tiny thin profile (less than 2"), 1080p, 120h, and is LED lit.
I liked the LED-LCD tv's better than the LCD's because they are brighter and the colors show more detail especially when there are dark colors, you are able to view the contrast between blacks and grays.
I shopped around a while before finding this item, looking at Samsung's, Sony's, and even some LG's. After looking online, at Fry's electronics, and Costco I decided this was the best deal for my $. I was looking towards a TV with internet capability but did not want to compromise on TV size or quality to do that. Maybe I'll get a converter for this one sometime, but at the moment...I do love my TV!
One downside for all Vizio previous owners...the preset picture settings are not as many as on other Vizio models. I have another 47" LCD in my house from Vizio and there are like 20 different picture settings, this one only has 4 or 5, but they do cover the main ones. There is a "home", "game", "movie", "retail" and "photo". I think the "retail" is the most like the "vivid" setting on my other TV and I like watching things with brilliant colors, otherwise it doesn't feel like hi-def anyways.
Good TV if your on the fence....go look at Costco they have it on display, it's a beautiful TV :)
CON: This model DOES NOT HAVE INTERNET! This is not correct, it has every other feature, minus the VIA internet apps. It is 1080p, 120h, and is an LED-LCD. But correction DOES NOT have wireless built in like this amazon post describes.