As far as the "real" LED TV on the market today, the only LED TV i've seen so far on sale is the OLED from Sony (XEL-1). But as jaguarskx pointed out; advertising and marketing confuse a lot of people looking for a real LED TV's.
I just bought a 32" (LED backlight) LCD TV as a gift for $700 at bestbuy this may and the new owners are very happy with the quality. I only got to see it in action once at the store and I also like it. Unfortunately, I just bought my Sony XBR TV 2 years ago, thinking of replacing it but wife don't want new TV unless old one brake down. 🙁
If you're looking for Sony models, compare the two, XBR's black color is darker (more of a black) compare to non XBR which is kindna bluish in color.