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Dell Business has the Dell 24" UltraSharp U2410 Widescreen LCD Monitor for $499 with free shipping. Uses an H-IPS panel for better color reproduction and viewing angles.
1920 x 1200 resolution, 1000:1 native contrast ratio, 400 cd/m2 brightness 178 degree H/V viewing angles, 6ms response time, HDCP compatible
$499
response time seems a little too slow if you like to use this for gaming
Input lag is around 15-20 ms if you set it to gaming mode which is decent.
I own this LCD and I play a lot of FPS games on it fine.
Wow, I heard lot of good thing about this IPS panel but it is too expensive. Do I see the different between this (at my work place) and the cheaper panel at 1/2 price(at home)? No, not much differrent unless the gamers may notice the big different.
An IPS panel is not meant for gamers. Gamers will prefer TN panels. 15-20ms input lag is not acceptable.
Actually, the hardcore gamers will still prefer CRTs to break the 60fps Refresh Rate.
#3, I have IPS panels at home and a mix of TN and IPS at work. I definitely see the difference. Still, if you don't see the difference with what you use them for, then definitely go for the cheaper panels.
Choose IPS panels if you need color accuracy (and you'll get a calibrator if you're that serious about it). Choose TN for just about anything else.
#4 - 120 Hz LCD monitors are starting to be available. I haven't paid much attention to how it perform with games since I'm not a hardcore gamer.
60Hz/FPS is enough for gaming, you won't need anything more for that. The key is not to drop below 40 FPS from video card bottlenecks, but many people are ok with even lower like 30 FPS minimum if it is not a fast paced (1st person shooter) game.
Definitely a difference between IPS and TN, but most people would be happier with a 2nd monitor if the budget won't stretch for 2 x IPS monitors... unless you do pro image editing then a TN is out of the question.