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
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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SONY PLASMA 50 REPLACEMENT FLAT PANEL  NEC PANEL  FROM SONY PDM 5010 125 NR
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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
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LG PLASMA PANEL AFT72930505 USED IN MODEL 50PJ350 UBAUSLLHR
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42 Samsung HPR4252 Plasma Display Panel S42AX YB01 Y
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Coby TFDV3295 DVD Player DL 08HA 00 044 FFF 050SD 11190 Plasma LCD TV Flat Panel
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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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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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Panasonic Plasma Television Panel MD42S09A1J MC106W36F9 For TH 42PD60U Y
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35 POUNDS OF FLAT PANEL BOARD CABLE FOR HDTV PLASMA LCD + FREE SHIPPING
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Samsung 50 Plasma panel Main Logic Board LJ92 01609A LJ41 06151A
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One PDP42X30000 42 Plasma TV Panel ONLY Fits Legend PH4216L etc
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Samsung 42 Plasma TV PN42C450B1D 5 Flat Ribbon Cables Panel BN96 12469E
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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
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New Panasonic 42 Plasma Panel MC106W36D8 MD 42M8BSNJ
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Dell W4201C HD Plasma Display Panel S42AX YB01
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Samsung 51 Plasma TV HDTV PN51D450A2D Genuine Panel Clips BN61 07012A x 4
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14 27 Flat Panel LCD LED Plasma TV Wall Mount Stand Bracket Black
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Replacement Front Panel Screen for Maxent MX 42VM10 42 Plasma TV SEE DETAILS
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for Philips 50PFP5332D 37 Plasma TV 50 S50HW YB02 SAMSUNG PLAZMA PANEL Screen
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SAMSUNG PLASMA PANEL PART BN96 15834A BN96 24264A MODEL PL50HB061A NEW
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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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ILO AKAI 42 PDP4210EA1 GE3761 058010 6A Plasma Flat Panel Main Video Board Unit
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Panasonic TC P42C1 Plasma Display Panel  no tv just the screen MC106H30U12
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Original Plasma Panel S42AX YD01 from MAGNAVOX 42MF231D 42MF231D 17 PLASMA TV
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42 Samsung HPR4252 Plasma Display Panel S42AX YB01 Y
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LG 3315Q E037T Plasma Display Panel PDP42V7 For 42 Plasma Television
LG 3315Q E037T Plasma Display Panel PDP42V7 For 42 Plasma Television
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SAMSUNG HPT5054 PLASMA PANEL S50HW YB2
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