Television recommendations please

I have an opportunity to buy a new 55 inch Sony Bravia LCD 120hz 1080p hdtv., for $300--good deal? What are the downfalls for this tv-not a tech person, so researching is out(wouldn't understand the terminology anyway) What is the difference in lcd and led for example? Would you buy this, and why or why not?



ps thought it was better to bump an old thread than to start a new one.........