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Anything can be "in spec". However, an apple rep and 3 techs at compusa agreed my screen was faulty enough to warrant a return. They didn't even see the backlight bleeding I was having!

That´s probably bc they never bothered to use solid color backgrounds or run any tests. Well, personally I´ll be going through the motions again. I just got off the phone with apple care and I´ll be receiving another iMac shortly.
I have seen screens on this forum w/o evident tinting so I am going to try one more time. It´s my first apple computer and I really like the way a lot of power and usability is so tightly integrated. I really want to keep that.
I suggest you try again as well. As you want to do some hd editing staying on the os x platform is probably worthwile. I have just tried fce 4 and it´s a great piece of software. The iMac has got enough power for 720p editing. 1080i bogged down the machine significantly, however. If you want to do that I´d return the iMac and wait for the new entry level mac pro. There is a chance that we will see a lower price point.
 
I emailed the store asking for a refund. Their return policy for opened items is according to the manufacturer's warranty, so I told them about apple's DOA policy for defective computer, basically telling them that they can get it replaced, but I want a refund, which is not unreasonable. Because of all the other problems people are having, I decided I might go for a notebook, and maybe a display if they update them.

I haven't heard from them yet.
 
I emailed the store asking for a refund. Their return policy for opened items is according to the manufacturer's warranty, so I told them about apple's DOA policy for defective computer, basically telling them that they can get it replaced, but I want a refund, which is not unreasonable. Because of all the other problems people are having, I decided I might go for a notebook, and maybe a display if they update them.

I haven't heard from them yet.
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iMac 24-inch 2.8GHz Intel Core 2 Extreme | 2GB memory | 500GB hard drive

MacBook Pro... I wish

iPhone 8GB

Well best of luck to you and I do hope you get what you want but look on the bright side. If all they can do is a replacement at least you won't have to change your signature. :)

I'm still loving my alumiMac at 3 months and counting.
 
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