I picked up this TV on the July 4th weekend sale for $400. So far my experience with it has been... troublesome. You can check the AVS forum thread on it for more details, but a number of these models experience a phenomenon we have come to call blanking. The picture just cuts to black for a second and then reappears. The audio is fine and so is the power. It's just the picture that cuts out. It usually happens for me after the TV has been on for a few hours and while watching something is hooked into a video input. It never seems to happen while watching TV.
First, I contacted Fry's to try to get a replacement. I'd known already that they don't give refunds for TVs larger than 30", so I asked for an exchange. Naturally, they were out of stock and wouldn't be getting any more for the forseeable future, so all they could offer me was a credit for the purchase price. The closest model they had was a Toshiba 32" for $750, but at the time I didn't have the money to spend to upgrade, so I went about contacting Emprex about getting it fixed. Their customer service seemed fairly helpful, walking me through troubleshooting the problem and then offering me an RMA for it. I shipped it out and waited. A week after it had been delivered, I still hadn't heard back from them about it, so I emailed to ask about the status. They hadn't been able to reproduce the problem, so they swapped out the main circuit board for another one and shipped it back. Yesterday it arrives on my doorstep and I hook it up. Lo and behold an hour or so later, it happens again. I'm going to run some more thorough tests on it and report back to them about it. Hopefully I can get this resolved.
On the brighter side, the TV looks awesome in HD. SD stuff is decent, not great, but that's not what I bought the TV for anyway. Also, some people over at the AVS forums are reporting that there is a newer model of the HD-3202 that comes with two HDMI ports. Hopefully that one doesn't have this issue.
And it looks like Emprex is made in China by BTC and distributed in the US in Fry's under the Emprex brand. Their products are rebadged under a number of brands including some Sceptre models.
Edit:
This is the AVS forum thread you should be reading.