Yes and no. Yes, it has the same excellent scaler/deinterlacer/onboard electronics. But no, it uses a homegrown panel instead of a Panasonic panel. As a result you'll get poor black levels. As far as I'm aware, if you can't afford the 50" Fujitsu, then better get the 42" Panasonic.
Basically for the ED set, once you are past eight or nine feet away from the screen you won't be able to tell any difference in the picture quality. My ED Fujitsu delivers the same great HD picture as the Sony HD set I have. The main reason for my getting the ED set is that in my opinion it delivers a better SD picture than the HD set, less scaling to do. I believe you would be very pleased with the 42" ED Fujitsu.
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