I picked this up on a Super Saturday sale for under $400, for that price you get a lot of TV for your dollar. The picture is great when comparing to a standard definition TV but isn't as nice as more modern HDTVs. All in all though it's a very acceptable picture quality for this price range. I was surprised at how decent the sound was from the built in speakers, you get a good amount of sound depth built in, not quite as nice as an external sound system but for built in speakers, these surpassed my expectations.
That being said, know that if you buy this TV, it's a few generations behind the latest standards. It's 60hz refresh rate instead of 240hz, LCD instead of LED, HDMI 1.3 instead of 1.4, 'coax' digital audio out instead of fiber optic or even better.. hdmi and it's not internet ready so you don't have any built in apps like netflix and hulu.
I mostly use this TV to hook up to a computer and a video game system, both hook up with HDMI cables. The compuer works great for playing videos, web content and media center type content, the mouse control is responsive on-screen meaning the screen doesn't lag. The video game console is equally well displayed on this TV. There is no processing lag on the screen like I noticed with a much more expensive up-to-date in standards TV that i returned. I was worried the 60hz refresh rate at this size would lead to a poor gaming experience but it hasn't, I'm pleased with the results.
Other than that, the buttons are located on the underside of the tv along the bottom right. There's six buttons (volume up/down, channel up/down, input, menu, power) and they're easy to use. The on screen menu system is pretty basic, you can adjust your typical brightness, contrast etc and a few other things but there's nothing else in here but the basics. Audio outputs through the TV speakers and the audio out jack simultaneously. This means if you run the TV into an external audio receiver, you need to turn down the volume on the TV so you just hear the audio from the receiver. Typically TV's have a setting that you set to either use internal speakers or an audio system, this one uses them both at the same time... kind of weird but not really much of a problem.
Overall a pretty good value for the dollar. I'm happy to have a large 1080p screen now for my gaming and home theater pc content. While it lacks some of the modern features, I just wanted a big screen that worked well from a reliable name brand and the Sanyo delivers at a great price.
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