televisions

I recently started looking for a small flat-screen television to put in our upstairs game room.  I expected to be looking through the traditional LCD and Plasma options when I noticed a third option, LED.  What?  Let me state for the record that I've only bought two TV's in the last two years, and those were purchased after I had two previous TV's for approximately 12 years each.  I still have a humongous 36in. tube television upstairs.  It still works, but it takes up so much physical space I'm considering replacing it.  While I consider myself somewhat of a techie, it doesn't always extend to television technology.