I bought the 32" Olevia 532h from Microcenter on BF WITH prior knowledge of the 480 problems people are reporting.
I've been lurking here for some time (and learning a lot), so I was a bit frightened of the things I read in this thread. However after comparing olevia 532h and the olevia 337h (the 37" that was also on sale) I concluded that the picture quality on the 532H was clearly superior. The 337h was so bad that I honestly hope that the floor model was defective, otherwise microcenter is going to have a lot of returns....alas if you were able to adjust the settings on the TV's at microcenter I would've been able to find out for sure, but thats another tangent....
So after waiting in line for hours I bit the bullet and got the 532H (it was so CHEAP!). I figure if it was terrible I'd just take it back and exchange it for either the 337H (if I could get them to honor the rebate) or just go with the Winbook 37" for 799.99 (A KILLER DEAL if you have the money. Outstanding picture).
First Impressions of the Olevia 532H:
Pros: Very attractive design overall. All black and the speakers are on the bottom which I personally like. The remote is actually pretty good overall and the buttons even light up orange which I love. Some reviews have expressed displeasure with the menu system, and while not perfect I have not found it to be hard to navigate at all. Pretty straightfoward and simple to get into the settings and make adjustments IMO.
As for the picture, I have to say that I'm pretty impressed. No, its not a Pioneer elite plasma, or even one of the best LCD displays out there, but for the price I paid I really feel like I came away a big, BIG winner. The Mavs VS. Spurs game looked incredible in HD (go mavs!) and SD looks adequate in my opinion. SD is not very pretty on virtually all the LCDs I've seen and this is no different. Its a bit blurry on some SD channels, but its by no means unwatchable. And its supposed to look bad; its Standard definition
There are also a good amount of aspect ratio's to choose from as well.
The only game system I've played on it is PS2 so obviously it could be better. PS2 looks about like what you'd expect (decent, not great) from a 480 source. But I played it just fine with no problems. I'm sure xbox and xbox360 will look even better. i didn't notice any blurring or ghosting either.
Well theres no printed manual (only PDF's on the included disk) which isn't a big deal to me anyways honestly. A little blue light is on while the TV is powered off which is a little annoying to me. Blacks could be better, but I've seen much worse on budget LCD's. If the screen quickly pans over say a whole crowd of thousands of people in the stands of a game, you get the usual LCD blur that is associated with LCDs but that is to be expected from my experience.
I'm very happy with my purchase thus far. Granted its only been a day, but initial impressions are good. I'd say that if I bought this for list price at 699 I would be satisfied, but for what I paid I am EXTREMELY satisfied. I got the extended warranty since it was so cheap for protection as well, just in case. I have DirectTV HD so I haven't messed with the tuner yet so I cant offer any review on that. But I have to say that the blurring on 480 isn't noticeable to me (or any of my friends) on this set. Maybe the firmware has been upgraded in time for xmas?