I've had my Philips (42PF7320A) for 5 days now. I orginally purchased a Sony 50" LCD Rear Projection (KDFE50A10) and realized it was too big for my room. I thought about downgrading to the same model at 42", but for my original purchase price (which I already got the wife to sign off on
) I could get the philips. This set fits my room much better.
The picture quality is excellent and even SD and analog look decent (much better than the Sony). Just wishing HD was broadcast universally, guess we have to wait until 2009. Another main selling point for me was the 2 HDMI ports. I have a STB with HDMI output and a Sony Upscaling DVD player with HDMI output. DVD's and HD look awesome. For the price, you just can't get a better deal on PQ.
Now for the downside. First and foremost, the audio on this unit is HORRIBLE. This isn't a problem for most since a home theater hookup is used, but this is a must. The Sony I had originally purchased blows away the Philips. It gets difficult at times to hear speech, and I've tried to adjust the settings without much success. From my STB I have a very noticeable audio level difference between my SD & HD channels, the leveler with this set does not work as well as expected. Personally, I like to see on-screen the volume being adjusted, this set does not display that when increasing or decreasing volume. Since I haven't had this set for too long I can't be sure, but there doesnt seem to be way to save AV settings for each type of input, another big difference between the Sony and Philips. PIP, especially Dual Screen, looks great, but is somewhat limited by your choices of inputs to display in PIP.
Essentially, you will be very happy with PQ, but make sure you have a home theater hookup.