Would a Large LED TV work well as a computer monitor? (PP/AE Editing)

I’m int the need for getting a larger and better monitor. Right now I’m using an HP 25″ 1080p  computer monitor with a contrast ration of 60,000:1

I was thinking about buying a large TV to use as a monitor via HDMI for PP/AE editing videos.  Is this practical? Issues?  Color rendition?

 

 

Sharp Aquos Quattron LED TV:

  • 40-inch 3D HDTV display with full HD 1080p
  • X-Gen LCD panel with UltraBrilliant LED
  • AQUOS Quattron 3DTV technology produces a bright 3D experience
  • Quad Pixel processing enables enhanced range of colors and detail
  • Built in Wireless with Netflix, Vudu, Cinema Now and more
  • 240Hz Aquomotion
  • 4 HDMI Ports
  • One-year warranty
  • Dimensions: 37″x23″x1.6″; 29.8 pounds

 

Thoughts appreciated.

via Adobe Community : Popular Discussions – Adobe Premiere Forums http://forums.adobe.com/thread/1081987