Let me start by saying that I'm running this HDTV with a PS3 Slim (for BluRay, gaming and HD video content) and a Sony STR-DG 820 7.1 surround sound setup.
Rich Blacks Fantastic color reproduction on many films I tested* wealth of options in the menu system 600hz as opposed to 60/120/240 with LCD or LED sets great price for the size and quality. Easy setup
Some content didn't display quite as brightly as our 42inch Samsung LCD set until the display was adjusted. Composite and Component can't be used at the same time. It's one or the other, not both.
I've owned and viewed some really good HDTV sets over the years and this set is among the best. There are three display settings, Standard (which sucks), Movie and Dynamic. I'm running the set using the Dynamic setting, although I also enjoyed the Movie settings too. Dynamic gives better brightness and a bump up in color saturation, but the Movie setting gave very warm color representation if not so bright. I've increased the brightness to about 60 to compensate for the default dull look of the screen on default settings and I increased the sharpness by 10. *These changes in combination with the Dynamic display setting gave much better results. But it's when I changed some of the HDMI output settings on the PS3 in combination with these changes when the quality of the display reached among the best in class that I've ever viewed.
Video games also look great on the set as I've tested quite a few. Dragons Dogma, Super Stardust, Killzone3, Dark Souls...all looked and ran great. You should have no problems there.
I didn't mention the speakers on this set mainly because I never use the default speakers on any HDTV I purchase. I've always run sound through HDMI using my 5.1 or 7.1 surround sound setup depending on which room the HDTV is going into. High fidelity displays with mediocre sound is not a great way to enjoy HD content. Better to just invest in a decent surround sound setup.
Overall, this is a great HDTV set that I highly recommend especially for the price and size. I've seen some really good LED HDTVs at similar sizes and great quality but if you're funds aren't that extensive and you want a large HDTV with a fantastic screen for a great price...Look no further.