Agree mate, ive currently got a philips 42 inch lcd hd ready tv and in bedroom a 42 inch samsung plasma. But i bought my son a 42 inch led LG TV and the led tv's give you best of both worlds.
LED is just the lighting source for a LCD tv.
I thought it was totally different technology. The screens are different!
Its still an LCD but its back light is a LED's. But remember the LED one will more likely be a few gens newer than your last LCD.