That is all theoretical. 80-100,000 hours may be how long the LED lights themselves will last but chances are something else will go wrong with the TV before that time comes. Power supply issues are quite common, especially in Samsung sets. Sony has had a fair number of panel issues (very pricey repair). Many of the cheap third tier sets just fail after a year or to (usually power supply related).
If you get a good brand you should get many trouble free years out of the set. Even though I have seen quite a few Samsungs with power supply problems I don't think the chances of any one person having issues is that high.
If you're looking for the most reliable TV, my experience is Panasonic is where it's at. Their less than 2% failure rate is the best in the industry and I work at a service center where we see FAR fewer panasonic sets in for repair than any other brand and we sell a lot of Panasonic. The few we have had in (for relatively minor <$300 repairs) have impressed the tech with how well built, engineered, and modular they are. Many sets have all of the components crammed on to one or two boards or, even worse, the panel itself, which brings the cost of repair into prohibitive territory very quickly. I don't have any pictures of the inside of a comparable Samsung but I can say it looks like a barren wasteland (one or two boards) compared to this:
That's the inside of a Pansonic TH-PZ700u and the tech says that is one of the best engineered and layed out sets he has seen in a long time. That's not to mention that for 1/3 the cost plasma offers superior picture quality to any LCD - LED backlit or not.