I can tell you right now, the LCD linked to in the OP won't be anything but TN. This is Viewsonic we're talking about after all. And I still don't believe it will be true 120Hz. No way a company goes from marketing overpriced gimmicks and junk to making the first 120Hz native LCD ever produced.
Oh and guys I hope you do not base response time based on the manufacturer rating. There is no set standard for measuring response time, and most manufactures use some kind of alternate measuring scale that makes the response time look lower than it actually is. Or they overvolt the panel to lower response time, but this causes evident smearing and snow. Yet others simply lie.
Viewsonic is not a company that can be taken at its word for their rated response time.
...Anyway enough about that. If you are looking for a 24" IPS based LCD, you are going to need to drop some cash, but they do exist. For example, the one I just got. An NEC LCD2490WUXiSV. It uses an H-IPS panel which is the successor to S-IPS. It improves on aperture ratio and gets rid of the "sparkly" look of S-IPS panels. It also has an A-TW polarizer which allows for very good black viewing angles and minimizes panel glow. 1920x1200 native.
The NEC also comes with a Gretag Macbeth colorimeter and the NEC SpectraView II software which is specifically designed for the NEC LCDxx90WUXi monitors (and a few others). Unlike normal calibration which is reliant on the video card and drivers, the monitors which are supported by SpectraView do their own internal calibration -- it is not reliant on drivers or the video card. Because of this it even stays consistent in games and such. The model I have is an 8-bit panel with a 12-bit LUT.
Calibrated with the Photo Editing setting, this monitor is absolutely insane. Especially the blacks -- which surprised me as it is an H-IPS panel. You have to see it to understand how good they are. Absolutely no backlight bleeding either. With the Photo Editing calibration, the contrast ratio is calibrated to 605:1 actual, and I thought that was rather low. Boy I was wrong. The difference between blacks and bright colors (such as HDR) is absolutely breathtaking for an LCD -- it far surpasses my old LG L2000C that had a contrast ratio of 1000:1, and had an S-IPS panel. If you can afford this monitor, it will be one of the best investments you make.
I notice no more ghosting or input delay than is present on typical TN "gaming" LCDs.
The issue with VA panels is not pixel response time (which affects ghosting), but rather actual input delay (think: the kind caused by v-sync, but to a lesser degree)
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