Panasonic VIERA TC-L32E5 32-Inch 1080p Full HD IPS LED-LCD TV

Bought this from Amazon about a month ago. Did A LOT of online and in store research looking for a 32"-40" LED TV.
Looked at Vizio, Samsung, Sony, LG in addition to Panasonic.
After a month - I'm very satisfied with my selection.

If you have read the reviews on this model here on Amazon you will see overall very good comments.
Have seen some silly complaints about short power cord, and have seen some about the wifi adapter(I'm using ethernet cable). And some average comments on the sound, but the major points of the TV are Great.
There is one reviewer (C Reach) who claims to have gotten video settings online - THIS IS TOTAL BS. I HAVE SEARCHED AND SEARCHED - Does Not Exist.

Below you will find a Pros and Cons list and my picture and sound settings. My settings were done using my eyes and ears no calibration equipment.
Everyone's taste and environment are different, so these are what look good on mine. I will eventually test further with my calibration discs, but for those looking foe a good starting point from which to fine tune - this should help.

PROS:
Non Gloss screen reduces glare
Amazing viewing angles
Good overall contrast and color quality
Low power consumption
Smart (Flat) input layout on back
Good assortment of connections* (*Component video needs to use the included adapter - no biggie)
Price / Performance Ratio is BEST in Class
DNLA and Internet Features
Build Quality
No Spotlighting from corners like the Samsung sets (That was a dealbreaker for me)
Easy Setup

CONS:
Sound could be better - Sure, but is equal to or better than most in this class
Could have more extensive picture adjustment settings, but has enough to obtain a quality picture.
Remote should be Illuminated and have a dedicated Sleep button. (Many people will use this for a bedroom TV)
Some complained about power cord being short - But I had no problem with this at all. (It is detachable)

OVERALL I Give it a 8.8 out of 10.

MY SETTINGS:
Were set by eye averaging several different chanels and subject matter in a room with no light other than the TV.
You will probably want to fine tune based on taste and environment. Keep in mind this was done without calibration software, but I'm in the industry and have color experience. Hope it provides a good base...

PICTURE:

PICTURE MODE: Custom
BACKLIGHT: 90
CONTRAST: 96
BRIGHTNESS: 40
COLOR: 40
TINT: -3
SHARPNESS: 75
COLOR TEMP: Normal
COLOR MGMT: Off
AI PICTURE: On
C.A.T.S: Off:
VIDEO NR: Off

ADVANCED PICTURE
BLOCK NR: On
MOSQUITO NR: On
BLACK LEVEL: Light
3:2 PULLDOWN: On

AUDIO SETTINGS:
BASS: +5
TREBLE: -5
BALANCE: Center

ADVANCED AUDIO
AI SOUND: Off
SURROUND: On
BASS BOOST: On
VOLUME LEVELER: +2
TV SPEAKERS: On
HDMI 1 in: Digital

This TV provides an excellent picture, with a very wide viewing angle (for an LCD). However...

On page 63 of the manual, it says "The TV's internal software was designed to work with Panasonic's wireless adapter model DY-WL10." After trying three non-Panasonic wireless adapters just to see if they would work (they wouldn't), I purchased the Panasonic adapter, but, as the other reviewer discovered, the TV would not recognize the DY-WL10. Panasonic's Netconnect site covers only 2011 television models--nothing about 2012 models.

When I called Panasonic Support today, I was told that, no, the DY-WL10 isn't compatible with any of the 2012 Panasonic models. The model that the support rep recommended is the DY-WL5, which isn't available yet; I can't find it on Amazon, or even on Panasonic's own site. B&H Photo lists it for pre-order with a March 31st availability date. So, at least until that date, this TV cannot use a wireless connection.

Backup plan: I used a powerline ethernet adapter to connect the TV to my router. The TV recognized it easily, and it works fine in my house. But, as with all powerline products, your house's wiring must be pretty good for it to work well enough for video transfer.

[Edit 03/08/2012] As a commenter pointed out, the appropriate wireless adapter for this TV (and I assume all 2012 Panasonic WiFi-ready models) is the DY-WL20, not the DY-WL5. Of course, I can't find that model for sale either as of this moment.

Really great tv. Perfect size for my office/studio. Picture quality is excellent. I calibrated the tv using settings I found with a quick google search. Sound is ok, but as with most flat screens it lacks a really impressive on board audio set up. Xbox 360 games look incredible. I've been playing Skyrim and Battlefield 3 and am blown away by the picture. I fired up amazon prime (through Viera Cast) and watched Troll Hunter in HD. Again, beautiful picture (and awesome low budget Norweigian movie).

And now a more niche consideration. I am an illustrator by trade and use a Wacom tablet and photoshop in my day to day work. I purchased this tv with the intention of utilizing it as a third, large scale monitor for certain projects. A big reason I went for this particular tv is the LED screen. I find it is much easier on my eyes when I am painting on screen for hours on end.

So there you have it. Beautiful image quality, a decent service lineup (Netflix, Prime, etc.), customization, great aesthetics, light weight, and it won't make your eyes bleed when you are painting an event poster at 2 in the morning.

And yes, it says wi-fi ready but it needs an adapter. Otherwise it would say built in wi-fi. so the option is either buy a tv with built in (an extra $200-$2000) or buy an adapter ($60.. I agree it's a rip off. I ran a wire.). Same reason the E3 model had only 4 stars, from what I read in the reviews. So if you can get past that, this is a really excellent buy.