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
Plasma still does deeper blacks, smoother motion and offer best viewing angle, ultra premium priced LED models narrow the gap but the vast majority of people truely in the know of video quality still understand Plasma is king. 3d just hasnt caught on and besides thats a different debate than pure best video quality. LED has the great slim look and better energy ratings but again thats just not what this debate is about.
The latest Pioneer backlit LED looks mighty fine. $8K.

I don't disagree with Unsound above; Pioneer's best plasmas were great. As in audio, there are advantages to each technology, and tastes vary.
For $8k you can get a LCD that still cant quite match a Plasma at half or less the cost, its that simple.
Chadnliz, your might want to read this:
http://reviews.cnet.com/8301-33199_7-20118503-221/sharp-elite-wins-value-electronics-hdtv-shootout/?tag=contentMain;contentBody;1n
One article isnt enough to sway the debate, LCD is good and gaining fast but as of yet its still the Plasma eho is king. That may change shortly