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I was also looking to upgrade my Samsung 40" LCD and studied various models in internet and local shops. As my concern was only better picture quality as I have other devices for sound (onkyo HD) and internet ( Google TV-Logitech Revue).
Finally I decided to go for Panny Plasma 50" at about 70K. As usual the salesmen discouraged plasma with XYZ reasons and I also got an impression that if some problem occurs it will not be rectified locally easily. Glaring of light is another thing though it is minimal in Panny.
But the main reason to give up the idea of plasma is, it uses 300+ Watts power (nearly 3times to LED of the same size) and my Onkyo HD requires more than 700 watts thus the total goes beyond 1000 watts. Hence I have given up the idea not because of the cost of power but due to the HEAT that generates in the surrounding area during summer in particular.
After comparing all the LED models in several stores I have come to a conclusion Sony 800 series is a good one in all respects. But is too expensive and I don't want to pay for the provisions which I never use and thought Panasonic LED is value for money ( as per my requirement) . Negotiated the prices with the dealers and finally fixed for Panasonic TH-L50B6D , a 2013 model has been installed yesterday.( Bought at 64.5K)
One thing, I too believed the same about power consumption earlier, but 300 watts is the power it consumes showing total white, all the time? And same with onkyo(I too had a model earlier which was 700w) it consumes 700w at full swing , and practically that was happening!(as my family used to just turn of the tv when they are done with the watching and the reciever many a times used to be on until the next morning, and the power bill was not abnormal