Gotta love Costco.
Costco called me and gave me a return authorization number, and transmitted that number over to my local Costco store two days later. I took the LCD over to the store and a person in the electronics department checked it out, then the manager checked it out. They then asked if I wanted to get another TV today, I said not right now. So they went to the back office, and came out with cash (even though I originally paid with credit card on costco.com). They return 100% of my money back. Purchase price, shipping & handling, and sales tax.
Entire process from the day the TV broke until the day I walked out of the store with cash in hand was 9 days.
I haven't seen any posts on this forum for anyone returning an LCD under Costco's new 2 year warranty. (1st year is manufacturer's warranty, 2nd year is Costco extended). So I wanted to post back that it worked out very well and very fast for me. Costco even called me at the house about every other day during the 9 day process to keep me posted with a current status. Other than the initial call I made, I never had to call them back to get a status of where things were. They kept calling me to keep me informed in a very timely manner.