Seven years ago, we had Plasma flatscreens everywhere at work ( Aerospace ). The screens were hot, could only be used in dark, low lumen, or non-lighted conditions, and suffered greatly from burn-in phantoms.
Imagine looking at a 3-D soft imagery for detail items for any period of time, and having a new screen repaced constantly due to burn in.
Five years ago, all Plasma screens were pulled and replaced by LED flatscreens. There was quite a bit of discussion about LCD versus LED, but the decision had been made at a much higher level after much testing. And after many years of use, the results ( as some have mentioned above ) are condiderably better.
Instant on, bright colours, no burn-in, less heat emitted, no problem with lighting ( except direct sunlight ), and as the technology increases, much improved resolution. The various generational models of HDMI are well appreciated by all. The cost has dropped I'm told, as LED units are less expensive to manufacture, and as the units can be sold in greater volume, High Volume manufacturing adds another cost savings.
I have both an older Gateway Plasma, and 2007 LED at home, and there is a noticeable difference in picture, use, heat, area lighting, and care. Audio is of course B & O.
The Plasma has given us many hours of nightime ( or draw the vertical blinds ) entertainment and computer use over the years, and despite any problems other than heat, we know that well past the warranty expiration, the unit will be replaced someday in the near future.
Unless thin-film HD screens become available soon, the replacement will be an LED flatscreen, which today ( 17.12.2007 ) is less than one fifth the cost of the original Plasma.