Are LED-backlit LCD HDTVs worth the extra money?

Would you pay a premium price for an LED-backlit LCD TV? That seems to be the belief of certain HDTV manufacturers and the doubt of others. While LED TVs are expected to account for 2 million of the 120 million LCD TVs sold this year, and grow from a $163 million market in 2009 to a $1.4 billion market in 2012, not all manufacturers are pinning their hopes on LED backlights.

LG, for one, is entering the market cautiously, worried that consumers won't be willing to pay the price premiums. You see, while cold cathode fluorescent lamp or CCFL-lit LCD TVs continue to drastically drop in price, LED-based models are often between $200 and $700 more for same-sized models. But Samsung, the world's number HDTV maker and an aggressive pursuant of LED TVs, says consumers will pay for quality. And that's what LEDs promise. Typically LED TVs are roughly a third thinner than CCFL models, offer more picture contrast and color range, last longer and consume up to 40% less energy.

But is this enough? Would you pay an extra $500 for these advances?

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