That series is not "LED". They are still considered an LCD tv. LED is the method that is used to backlight the LCD panel. Samsung holds the patents to LED backlit televisions along with the reflective surface they used on their more recent upper end panels that gives their displays higher contrast ratios as well as other advantages in image quality. While their new TVs are ground breaking it's not what I would considered a different "type" of television.
Concerning reliability...
LED backlighting has an advantage in more than just reliability, it's also more energy efficient. LEDs don't waste much energy, so they don't dissipate as much heat as traditional fluorescent blacklighting. Less heat means less wear all around. Assuming the build quality is as high as it was before LED backlighting then it would be safe to assume the television would have a much longer lifespan. The reason why they cost so much more is due to the cost of making the LED backlight, which is in fact many small lights. Another cost is trying to fit everything into that little frame, as well as a good backlight engine to keep you from seeing gray at dramatic contrast shifts. And finally, it costs more because it can. It's the best thing in the market, so it gets to pick it's price (although it can't get too crazy, we are in a recession after all).
They've still got it goin on though, 1.2" thick panel with the best picture I've yet to see on an LCD panel.......yeah!
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