The main idea behind 96hz, from what I understand, is to reduce/eliminate artifacts in 24p movies, and 2D 24fps movies in particular, making the films look even smoother and more film-like. Most films are shot in 24fps, and from what I've read, most movie theaters show each frame twice, thus giving the movies a 48hz refresh rate (so you get fewer artifacts, but still have that nice 24fps film-look). So for current movies, the ST50 at 48hz would be fine. For VT50, I've read that the 96hz can actually cause more flicker due to brighter sub-fields, although you get fewer or zero artifacts as a result of the television showing each frame 4 times, for 4:4 pulldown. Some people have also said that 96hz produces slightly better blacks, as well as reducing ghosting in 3D.
So bottom line is, 96hz is supposed to help with image judder. I haven't seen anyone raving about it like it's a huge leap forward or anything, so for a thousand-dollar price difference, I'd suggest finding somewhere to see them in person and compare if you're really concerned about it. I think the dual-core processor in the VT50 is mostly for the Internet apps, but you can just get a WDTV Live Streaming player for $89 on Amazon and not even worry about that. If you're concerned with having the "best" TV and don't mind paying extra, the VT50 is technically the better unit. It has a more configurable calibration mode, a different bezel (and I think the glass is supposed to be less reflective or something), and Infinite Black Pro, and some other fairly minor stuff.
The cheapest I see the ST50 going for is $2250 on Abe's, and $2950 for the VT50, so it looks like the lowest you could get online is a $700 price difference. That's a pretty hefty fee for the addition of 96hz and a few other small tweaks. I'd go with the ST50 myself :awe: