Panasonic delivers again! This TV is incredible in terms of picture quality. I don't find the reflection to be that bad although my family room has blinds and can be much darker. I do not watch a lot of day time TV so if you watch a lot of night time TV, this plasma is for you.
In terms of the black level, although it's 30,000:1 native contrast ratio, I agree with another reviewer that it probably was not much blacker than last year's model (PZ700U), but even so, it's still much better than the best LCD TVs and minus the motion blur and other negative effects of LCD TVs.
If you are not ready to spend $2000 on this TV, wait for a couple of weeks and see how CNET reviews will be. I am confident that this Panasonic model is top of the line plasma out there for the price (Pioneers are simply too expensive).
Update: I have had this TV wall mounted along with Onkyo 7.1 Channel SR800 speakers, I could not be happier with the TV and the entire home theatre system. Please make sure you break-in the Plasma TV for the first 100 hours or so. Use either a break-in DVD (see www.avsforum.com) and you should always try to watch full-screen TV and movies and avoid those with top/bottom or side bars. Once the 100 hour break-in is completed, you can then set the TV to Cinema mode and enjoy.
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