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Plasma - better contrast (blacks suck on LCD), better viewing angle and solid picture regrdless of distance (and angle) unlike with LCD where colors shift the further you sit from the panel - which is due to light leaks on an LCD which affects colors as percieved by human eyes.
Price wise - in 50" and over market, plasmas are a safer bet as well. LCDs have better resolution, but plasma beat them in picture quality anytime.
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