Well, Khail was right. The glare is no worse than it was on my 26" Sony LCD that this was replacing. Picked up the stand for $200 and it's really nice. 50" 1080P, HTS 5.1/media center, and stand all for under a grand. We're stoked!
Edit: To clarify, the reflections are definitely worse. With the blinds open, I can see my own reflection from the couch. However it's really faint and no more annoying than the "glare" from the matt screen on the LCD. I also may just be blinded by my lust for the set.
Crappy Pic: