New LED TVs are changing the nature of how we view LCD TV in such a way that we must re-assess the advantages of LCD and Plasma over one another. All LED TVs contain an LCD display element (front panel). The difference of LED TVs lies in the backlight. Rather than the standard florescent backlighting systems of the past, LED TVs have LED bulbs (light emitting diode) as the backlight for the LCD panel. This has been a godsend for LCD TV manufacturers as it has allowed them to better compete in picture quality against plasma TV technology.