The LG 32LN530B has poor blacks and some motion blur. On the plus side, it has a good average viewing angle and low input lag. Its 720p resolution shouldn't bother you unless you sit very close to it.
When watching a dark scene, the 32LN530B's blacks appear gray.
While the screen's reflections will cause trouble in a room full of windows, they are manageable under controlled lightning.
The screen's reflections are less of a bother when watching brighter videos.
The 32LN530B has a good viewing angle. There is no discoloration when looking at it from the sides, but some contrast loss (50% contrast @ 31°).
With fast-moving objects, there is a slightly visible blur (a little bit more than the average LED). Fortunately, it does support 24p playback for movies.
The input lag of the 32LN530B is very low. It is a good gaming TV.
Like most LG TVs, this LG 32LN530B has grayish blacks if you have the lights off. In a bright room, though, this TV is good, especially considering the price. Do not worry about its lower 720p resolution if you are sitting at a normal viewing distance.