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.
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.
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.