At this price, you should be surprised if it works at all. You have to remember this is a TV from 2010, and will only work in specific situations.
Frankly, it works quite well. I use it as an HTPC screen running a DVI-HDMI cable, and it is superb for that application. There is a very minor amount of backlight bleed at the four corners, but it's within acceptable limits.
Colour accuracy and skin tones are very real as long as you are willing to fiddle with the settings a bit, because factory...
I have purchased Toshiba LCD on 30/06/2011. From two weeks back the picture get stuck and the sound only coming out. I have made this complaint their customer care. Two days back one of their technician came and asked to change the board which cost more than Rs.10000/-. So don'try to purchase Toshiba Products. It's mere waste of money