Originally Posted by cadaveca
It DOES matter, but it's not as important on an LCD as it is on a CRT. To me, most ghosting happens because the response time of the pixels is very different depending on the colour state, and when one pixel changes slightly faster than the pixel next to it, you get a "ghost". So, the faster teh response time, the less ghosting is apparant. Think of a staduim "wave"...the ghosting is the peak of the wave.
However, ghosting is a cumulative effect of FPS, response time and refresh rate all being out of whack, and when you get a good panel with a good controller, 16ms response times are not that big of a deal, as the transitions from colour to colour can be managed to reduce ghosting. Dithering can also reduce this, and of course an IPS panel is going to be better than an TN in doing this, supposing the response times where equal. The larger colour pallete of the IPS panel can make the transition alot smoother to the eye.
TN panels with low refresh rates tend to have bad vertical viewing areas, however i have noticed that this is mostly a contrast issue, when comparing my FP93GX and the L204WT.