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AdventWolf said:

From reading some articles I was under the impression that if a tv had the 24p True Cinema feature then it was 120hz, hovever
this tv is 24p and it doesn't specify what refresh rate it has, but it does say this "CineMotion® Reverse 3:2 Pulldown Technology : Yes"
So I'm guessing this tv doesn't have the better picture ratio..

A TV is 120Hz if it says it's 120Hz.  The 32L5000 is 60Hz.