For those of you who use VGA to connect your 360 to a display, the Spring update is perfect for your washed out display woes. Included in the Spring dashboard update is a reference levels setting
under the displays option, which toggles your interpret black levels to help get those blacks even blacker. The VGA's washed out effect is due to both the VGA cable and HDTV's default black levels not meshing, so the new reference levels setting gives you three options (standard, intermediate, and expanded) to correct the difference. Any VGA users willing to give the reference levels a test and see if it makes your display's picture prettier?