Plasma Panel

Can someone please explain contrast ratio and its importance in choosing a flat-panel/plasma tv?

Contrast ratio is the ratio of the brightness of the whitest white to blackest black a panel can produce. This is a very simplistic definition, because there are many different definitions and test methods used by TV manufacturers. So, comparing one manufacturers specs with another's is meaningless.
Plasmas generally have much better contrast ratios than LCDs, So often LCD manufacturers don't bother spec'ing them.
Most of the important specs aren't usually given. A consumer, even a knowledgeable one, usually can't get data to use to make a decision. Get professional reviews for sets you're interested in. One place to look is the February issue on Consumer Reports which just came out. They review a large number of sets.

TV Plasma 42 AKAI PDP4206EA Control Panel Board w Buttons E3701 043010
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Philips 42PFP5332D 37 Plasma Panel
Philips 42PFP5332D 37 Plasma Panel
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Vizio VP322 HDTV10A Plasma Display Panel P N PDP32G1T1000
Vizio VP322 HDTV10A Plasma Display Panel P N PDP32G1T1000
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Samsung 51 Plasma TV HDTV PN51D490A1D Genuine Panel Clips BN61 07012A x 4
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SAMSUNG PLASMA PANEL S42SD YB05 USED IN DIFFERENT MODELS
SAMSUNG PLASMA PANEL S42SD YB05 USED IN DIFFERENT MODELS
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LG PLASMA PANEL AFT72930505 USED IN MODEL 50PJ350 UBAUSLLHR
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Tv Mount Wall Bracket Tilting Flat Panel 37 to 70 Black w HDMI Cable Plasma
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Samsung 42 Plasma TV PN42C450B1D 5 Flat Ribbon Cables Panel
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TV Shield Cover 36 46 Flat Panel LCD LED Plasma Screen Television outdoor
TV Shield Cover 36 46 Flat Panel LCD LED Plasma Screen Television outdoor
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SONY PLASMA 50 REPLACEMENT FLAT PANEL  NEC PANEL  FROM SONY PDM 5010 125 NR
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58 SAMSUNG PLASMA MAIN LOGIC CONTROL BOARD BN96 12240A LJ41 05752A LJ92 01564D
58 SAMSUNG PLASMA MAIN LOGIC CONTROL BOARD BN96 12240A LJ41 05752A LJ92 01564D
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Philips 42 Plasma Display Panel S42AX YB01 made by Samsung
Philips 42 Plasma Display Panel S42AX YB01 made by Samsung
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Original Plasma Panel MC94W32F6A from PANASONIC TH 37PD25 PLASMA TV
Original Plasma Panel MC94W32F6A from PANASONIC TH 37PD25 PLASMA TV
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New HP Panel X BUFFER Right PL5060N 50in HD Plasma TV 1032940 HS 6871QRH080A
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New HP Panel X BUFFER Center PL5060N 50in HD Plasma TV 1032939 HS 6871QXH030D
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35 POUNDS OF FLAT PANEL BOARD CABLE FOR HDTV PLASMA LCD + FREE SHIPPING
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3 POUNDS 7 OUNCES OF FLAT PANEL BOARD CABLE FOR HDTV PLASMA LCD + FREE SHIPPING
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Hitachi 3 Prong POWER CORD LCD Plasma TV AC REPLACEMENT CABLE Flat Panel Screen
Hitachi 3 Prong POWER CORD LCD Plasma TV AC REPLACEMENT CABLE Flat Panel Screen
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Akai 3 Prong POWER CORD LCD Plasma TV AC REPLACEMENT CABLE Flat Panel Screen
Akai 3 Prong POWER CORD LCD Plasma TV AC REPLACEMENT CABLE Flat Panel Screen
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Pioneer 3 Prong POWER CORD LCD Plasma TV AC REPLACEMENT CABLE Flat Panel Screen
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Sceptre 3 Prong POWER CORD LCD Plasma TV AC REPLACEMENT CABLE Flat Panel Screen
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Samsung 51 Plasma TV HDTV PN51D450A2D Genuine Panel Clips BN61 07012A x 4
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Replacement Front Panel Screen for Maxent MX 42VM10 42 Plasma TV SEE DETAILS
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Vizio VP422 HDTV10A Plasma Display Panel P N PDP42G1T245
Vizio VP422 HDTV10A Plasma Display Panel P N PDP42G1T245
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Table Top TV Stand for up to 42 inch Flat Panel Screen LCD LED Plasma TV Rack
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LG PLASMA PANEL AFT73190704 FOR MODEL 42PT350 UDAUSLLHR
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SAMSUNG PN60F8500 PLASMA TV PLASMA PANEL PCB BOARD
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Pioneer Plasma Media Receiver PDP AR05U REPAIR PART ANP2083 A Front Input Panel
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TOSHIBA 42HP84 Plasma Panel and Outer Glass
TOSHIBA 42HP84 Plasma Panel and Outer Glass
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Original Plasma Panel S42AX YD01 from MAGNAVOX 42MF231D 42MF231D 17 PLASMA TV
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for Philips 50PFP5332D 37 Plasma TV 50 S50HW YB02 SAMSUNG PLAZMA PANEL Screen
for Philips 50PFP5332D 37 Plasma TV 50 S50HW YB02 SAMSUNG PLAZMA PANEL Screen
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ILO AKAI 42 PDP4210EA1 GE3761 058010 6A Plasma Flat Panel Main Video Board Unit
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VP50HDTV10A Plasma Display Panel PDP50X4TA35 P50HDTV10A
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Samsung HPT5054 Plasma Panel  no tv selling just the panel S50HW YB02 HPT5044
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