No, I don't think it is. It DOES have impressive black levels, but I find the video processing and scaling to be less than stellar.
Many will disagree with this opinion...but I just can't see spending the price they are asking for a picture of this quality. Personally, despite having a higher absolute black level, I FAR prefer the Samsung JS9500 series sets. Not only are they several thousand dollars less expensive, but they are HARDWARE upgradable. When HDMI 2.1 or DisplayPort 1.3 or whatever else becomes the next standard, you can upgrade the inputs on the Samsung displays, as well as the video processor and the rest of the "guts" of the set. No other set has this capability.
I HIGHLY suggest that you view the set in person before making a purchasing decision...When this amount of money is on the line, you owe it to yourself to find a dealer in your area who can give you a demo. DO NOT rely on a set in a Best Buy (or even a BB/Magnolia store to give you an impression. You really need to see both of these sets CALIBRATED by an ISF certified professional!
Also, understand that the LG OLED sets are NOT "true" OLED sets. They are OLED BACKLIT LCD screens! The Samsung OLED 55" (that is now discontinued) was a true OLED, with red, green and blue OLED elements. LG screens use WHITE OLED elements, which do give pixel by pixel illumination, but you still have an LCD panel in front of the OLED elements (they refuse to call it that, instead calling it a "color filter"...when I pressed the LG rep on how they were controlling the color, he said it was controlled by a TFT layer...so, yeah, it's an LCD panel, but with OLED backlighting).
In short, don't pay extra for the hype. The LG OLEDs are good sets, but not worth the premium they are asking for them. They are cashing in on the OLED hype to sell them, NOT by having the best picture available.
