The LG LN5400 LED TV has a good viewing angle and low input lag. However, its contrast is very low and it suffers from some noticeable motion blur. This TV is more suitable for a bright room due to its poor blacks.
If you don't have a dark room, buy this TV. Its only major downside is that its blacks are poor when watched in dim lighting. With the lights on, it is a solid TV with an impressive viewing angle. It also has very low input lag, which is perfect for gaming, and it is significantly cheaper than the competition.
The LN5400 does not perform well in a dark room. The blacks are gray due to the poor contrast. If you want an LED TV for a dark room, you will be better served by a Samsung like the F5500.
This is the LN5400's strongest point. The colors stay about the same at any angle. We measured a drop of half the contrast at 37°, which is really good for an LED. This makes the LN5400 a great choice for a living room with multiple seats.