Has LED caught up to Plasma?


I know that the plasma tv's in the past were always considered to be better than the LED or LCD formats. I'm wondering if this is still the case. With improvements in technology, has the gap narrowed? I bought a 42" Panasonic Plasma over 8 years ago (and yes, it's still working...wished it would have died by now! lol) and am looking to upgrade to a new 55" tv. In all honestly, when I chose plasma back then, I thought the picture quality of both the plasmas and the LED/LCD models were both very good. Even though my plasmas has lasted all these past 8 years, my big concern is that they do heat up quite a bit....where LED's run much cooler. I'm thinking this might translate into a longer life with and LED tv instead of a plasma. What would you buy today if you were buying??? Plasma or LED?
calgarian5355
Although not a full participant in the shootout because it's no longer available via retail, the Pioneer Elite 141 was voted by this year's audience at Value Electronics' annual Flat Panel Shootout as having the best picture (results are on valueelectronics.com, and David Katzmaier's summary is on CNet).

The Sharp Elite has edged LCD closer than it's ever been to the Kuro and it's probably the display I'd buy today if I were looking for new stock, but it's got a ways to go in a few areas before knocking the king off the throne.
i suggest you read my response again. i said "if i were to waste," not You! i could care less what anybody spends, but for me personally it would be a waste of money. thank you!
The only folks who ever claim projectors are a waste of money are most always the same folks for whatever reason cant have one. If you think a 120in picture from any number of quality makers for the same budget or even less isnt impressive you have only convinced yourself. The fact remains that even at 80in your still not really in the true HT experience, your close as many say 84in is the minimum as long as you sit about 5ft from it.