Plasma can have a sharper picture if youre watching sports, fast moving action, etc.
LCD is overall a better technology and delivers a richer image if youre into detail.
Plasma can burn out (bulb) and they get hot (not good if you wall mount)
Personally i like the LCDs much better. I have Hitachi 42" in the bedroom, and a LG 60" in the livingroom... NO complaints.
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