I bought this tv because of the netcast/netflix internet option. The netflix takes a second to come setup and works great. The audio on this tv is great for a LCD. The color are pretty good but the blacks are light especially in dark scenes (this is my only compliant). Also there is some concerns that cnet.com pointed out in regard to how this tv processes 1080p. If you are looking for a TV with out of this world picture that than this is not it (I would suggest a newer LED model or older Sony/Samsung). This TV is for those who really want the yahoo widgets and netflix/youtube. Another drawback is that it has no wireless connectivity.

I would still recommend getting it if you can live with lighter blacks and really love netflix.com.

For 1200 bucks for a 47 inch LCD , 120 HZ and 1080p is a pretty good deal.

ONLY BUY THIS IF IT IS BELOW $1100 OR YOU WANT THE NET FLIX/U TUBE FEATURES.

This TV lists for $1600, but is often available for less than that.
The picture quality is not equal to competing $1600 TVs (like the Samsung...or just about any other brand). This TV is often on sale in the $900 to $1200 range. When the price is below $1100, it may be difficult to find any other 47" TV that cheap. (of course, TV prices drop so fast, that my pricing recommendation could be soon out of date). You can get a 780p plasma TV in that price range, but those usually have even worse picture quality (I never liked the creamy quality of plasma TVs).

Note that the first one I got was bad. After it ran for a few minutes, it would start getting black bands. This is the first time in my life that I ever had to return a TV (except for a small protable DVD player with a screen).

The picture quality is OK but not vibrant. Like all LCD TVs, you can play around with the picture settings a lot and improve the quality. It seems like with all LCD TVs I have seen that the default settings are not the best. But, the problem is that it takes a lot of screwing around and trial and error to get the best picture.

The TV has a "Picture Wizard" to help you calibrate the picture. I tried it and didn't like the results.

The TV also has power saving modes that adjust the brightness and an automatic brightness adjuster. I found that to get the best picture, you had to crank it to the brightest picture.

What was really disappointing to me was the 120 Hz motion feature. With 120 Hz, the picture should be smoother during action shots, where something moves quickly across the screen or there is a fast scan. During fast motion scenes, there is a lot of pixalation on this TV. It is worse than my old 37 inch 60 Hz EMPREX TV.

The sound quality on this TV is only fair, but I have heard even worse. But, most LCD TVs seem to have poor sound quality. I'm not sure why. In the last days of CRT TVs, the manufacturers were paying a lot of attention to sound quality. You could a 24 inch JVC or Philips TV for fairly cheap with excellent sound quality. The speakers had a wide dynamic range and were crystal clear. Maybe people are so intringued by high definition picture that they aren't demanding high quality audio. Or maybe the manufacturers are assuming everyone will use a separate surround sound system, so it doen's matter what the TV sound is like.

The TV takes a long time to come on and a long time to switch between the input modes. All LCD TVs do take longer to come on than the old CRT TVs, but this one seems worse than most.

I don't like the remote control on this TV set. It is hard to get to the menus for the functions I use a lot, like sleep timer and aspect ratio. And trying to train my wife how to use those features is almost impossible.

Overall, I am not impressed with LG's video or audio quality. I have an LG DVD recorder/VCR hooked up to this TV. You combine the two together and you get some real horrible quality. (However, the DVD player is responsible for most of it).

So what is good about this TV?

-Very nice, attactive design.
-It swivels.
-I got it at a low price and it was way cheaper than any other 47" TV.
-It isn't horrible (it just isn't as good as other LCD TVs)
-It has the NET FLIX, U Tube connectivity that is supposed to be really easy to use. I haven't tried it yet. It isn't wireless, so you have to either have to run a LAN cable from your router or connect a wireless access point to it (which can cost from $20 to $100).

I don't know what else to say. It arrived at my door the first day of a 6 day shipping window. Set-up was simple and straight forward. The TV is not particularly heavy. And the ability to watch Netflix is great. There isn't a lot of content on instant play yet but this will be in my home for years to come.

This is my first non-crt TV so I don't have much to compare the picture to. But for $1500 I can't complain about the hardware. The TV even pulls music and pictures from an external HDD attached to a networked computer that is wireless-g. No big surprise, and the search is manual, but it's possible. Perhaps they'll even send an update to stream video at some point. This is capable of becoming a media server in a TV.

I have to say, this is the best purchase I've made in quite some time. I researched TV's for a month before hesitantly ordering this one. I'm so happy with it...
1) The set up was simple. Plug it in, let it acquire TV channels, watch!
2) Internet connectivity is a snap and it is awesome. I expected poor performance on this feature because my internet connection, which is considered broadband, is slow compared to most broadband speeds (I'm very rural). Streaming video from Netflix is flawless (now if they would get some better titles for streaming.... but that's another story).
3) Picture quality is fantastic. I really have nothing to complain about. I read reviews where people said the blacks were not deep enough. I don't have that complaint. I find the HD viewing incredible and the standard definition is just fine.
4) If there is anything to complain about, and I feel it's nitpicky, is that the manual is on a CD instead of printed out, so if you have a question you have to go to your computer instead of flipping through the pages of a manual. Since the TV is so simple to understand, I'm not lowering my rating because of it.
I did pay $1199 for this TV with free shipping ([...]) which has a Bill Me Later payment option with no interest and no payments for 6 months. I see that Amazon has it for about $70 less, but that's how it goes. Overall I'm thrilled with my purchase. Happy, happy, joy, joy!

This TV is fantastic! I was originally looking at a lower LG model, but Amazon had a great price! This TV arrived in less than a week and set-up was a breeze. There's a quick wizard to walk through, and once completed, you're up and running. The Internet connectivity was as simple as plugging in a network cable to the back of the TV. I was already a Netflix user so that was as simple as activating the device and the streaming ability of the TV, in my opinion, is better than streaming through my XBOX 360. The Yahoo Widgets worked out of the box as was nice for basic content ability.

I haven't spent the extra time "tweaking" the picture through LG's picture controls, but once I'm done, I look forward to many nights of high-quality HD movies and sports!

Looks great, easy to set up, many functions. Blacks are crisp, HD is so sharp it seems 3D.

I bought this at Fry's for 899...i'm in California..so that takes it up to 1100 dollars with tax and recycling fee. The tv is awesome. The thing I like most about it is playing xvid/divx from a usb thumb drive/hard drive. I do that very often. I also like streaming Netflix movies. The picture quality is great. Sound is pretty decent. I also use the tv to watch local hd sports. I connect the tv to hd through an Antennas Direct C4. This gives awesome hd clarity. Better than my friends who have comcast/dish. Make sure you connect the tv to internet when you get it so you can get the new firmware....this new firmware allows you to play divx/xvid through usb. If you don't do that...you wont' be able to play those formats. Haven't done blu-ray yet...but i'm sure it'll be awesome.

I just purchased this television the other day, on sale at Fry's for $895. This is a really great deal, in my opinion. NetFlix works amazingly; the TV does show the limits of the quality of some of the Netflix videos. Some of the Netflix content is HD.....and it looks great.

I want to address that fact that the reviewer stated that you can't stream video over your network. Maybe at the time of the review, you could not, but I can tell you it does......without a doubt. Mpeg, AVI, Divx, and Mkv all worked when I streamed them from my Network attached storage device. It is an amazing feature considering I download most of shows that I watch.

The Vudu feature is very nice as well, basically a pay per view streaming HD service. I have not had a chance to watch a movie through the service yet. I have watched many of their trailers, the quality is amazing.

Pros

NetFlix
Vudu
Access to network attached storage devices, for streaming video.
YouTube
A very robust broadcast HD tuner, my....last set really failed in that department.

Cons
Not crazy about the remote.....
It can't operate other devices such as DVD, VCR, or a cable box or at least I have not yet figured that out.
I don't like the layout of the remote.
I could take or leave the Yahoo wigets.

I'm going to keep this short, but in summary - not worth the money - the network connectivity is not really working and it's NOT DLNA compliant. You as might as well just buy a cheaper TV and an external box or buy a different brand.

Here's why:

Positive:
1) Customer support is really friendly - although unless you get the highest level reps (who only the TV repair guy can call) they're pretty much incompetent. Every question I asked, they had to put me on hold so they could ask a manager - or Google it.

2) The sound isn't bad.

3) Bang for buck - it's probably the lowest priced networked TV out there with Netflix. BUT, if you're looking to connect to other devices, be prepared for some frustration - or lack of success.

4) The 120Hz does help - I noticed significant difference from my 60Hz Sony. Much easier on the eyes - but LG isn't the only company that makes 120Hz tv's.

Negative:

1) NOT DLNA Certfied - you know that standard that everything home connected is using? LG decided to skip out and no plans to add. Means that in the future as more devices come on board, you likely won't be able to connect to them. Have fun being tied to your PC and run everything through that.

2) Very difficult to get connected to your PC - spent 14 hours on the phone with tech support before we could even get it to connect to the PC. It would not connect to my Seagate BlackArmor NAS nor my WD My World Edition NAS - LG engineer said it was the drive's fault. NOT true - I returned this thing and bought a Samsung LN46B650 and connected fine. My WD TV player also worked fine with both.

3) The remote is REALLY uncomfortable and awkward. Really lacking in features. Number buttons are too far away from each other.

4) You get a LOT of pixelation. If you just came from analog, this will knock your socks off - BUT you have no idea what you're missing.

In the end, after all that time with the rep, they just said I should return the unit. It was really painful because I got a REALLY good deal on this, ~25% off the Amazon price through some Fry's deal. Believe me, I really wanted this thing to work. But in the end, I sent it back, spent about $200-300 more on the Samsung LN46B650 and I have no regrets whatsoever. The picture is just so much more sharp. The sound is amazing, remote has a lot of nice features, you get PIP, Netflix, Yahoo Widgets, Addt'l Downloadable content, and DLNA (I was able to connect to my NAS drives no problem - still working on getting it to stream mkv, but other formats work fine)

Don't bother with this LG TV.

Love the picture. Moved up from a 19inch $100 APEX. Would like to know more about settings that others are using to get the best picture quality and Advanced Control menu. Right now I'm viewing in 16:9. Picture mode is standard. I do notice a Audio sync issue when using an HDMI cable and I've tried a couple. Have contacted LG about this issue. Paid $899 at FRY's-1 Day Sale.