Plasma was initially viewed for having a big advantage (over other panels) for being able to produce bigger screen sized panels...but LCD guys have kept improving their technology and eventually, the screen sizes have become no longer an issue.
This includes the TC-PST60 where CNET says 'The midlevel price and outstanding quality of the Panasonic TC-PST60 series make it our strongest TV recommendation ever.'
If you go to AVSForum.com the videophiles there still swear by Plasma for their superior picture quality. Burn-in is no longer an issue and while they consume a little more power than LCDs power consumption is not so bad now either.
It is a shame that Panasonic are stopping production - their Plasmas are currently the best TV on the market today for those who value picture quality.
Unfortunately Panasonic haven't been able to build a profitable business from this. Most consumers don't value the additional picture quality - particularly the superior blacks, shadow detail and color representation. They are fine with the picture quality and styling of the (super slim) LCDs currently on market. Oh well. Hopefully OLED will match Plasma in picture quality and value soon.
Years and years ago now, I saw one of those very early, tiny LCD TVs, on display at a "Shaper Image" store. I was really impressed. These will be the future of TV, thought I at the time, and I couldn't wait.
Then plasmas became the rage, primarily because they were feasible in large TV-friendly size. But they get hot (aka needs lots of energy), they had burn-in issues, and initially at least, they were not truly HD. It just seemed clear that LCDs would solve those problems handily, eventually. And sure enough, the time came.
Happens all the time in consumer electronics, no? Just like the recordable DVD, and then hard drive recorder, handily took the reins from the transitional VCR solution.
Well in electronics industry this is quite common. TV technology has gone through so much change in last 20 years. From crt to plasma to lcd and niw to led is still evolving. My 4 year kid tries to touch the TV screen and see if she can zoom in some portion. May be one day TVs come with touch screen.
Well this was expected from Panasonic, plasma tv market is gone and no one can do business in losses.
Plasma survived very much after fully developped LED/LCD Displays. This technology had many limitaitions as compared to today's matured Display Technologies, Atleast now the traditional people will stop getting confused while buying displays between Plasma and LCDs.