I've actually done quite a bit of research since I just purchased a new plasma TV a few months ago (58" Samsung 650 series)
Plasma's typically still have the clarity advantage over LCD's. They are also better with the color black. Meaning, black is actually black vs. a dark gray.
However, LCD's have come a long way in the past few years. Their picture is very comparable to that of a plasma. They also live longer than a plasma, but plasma TV's have made great strides in this area. My Samsung states it has a lifespan of 100,000 hours (or 11.4 years if you do the math).
The one thing you have to consider is the burn in, although they have included technology to pretty much take care of it (I have never tried to push the limits). If you leave a picture up motionless for a long time you'll notice it starting to burn in. However, newer plasmas come with 'anti-burn' technology, which may include pixel shifting, scrolling white screens, or something else to remove the burn. It works quite well and I have not had a problem yet.
So, I personally believe plasmas are still a superior picture when comparing to LCDs. If you want the best picture, go with a plasma, if you want almost as good a picture and don't want to worry about the burn-in, then go LCD.
However, I love my plasma and am very glad I picked it over a LCD :)
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