The colors are extremely vivid and it is very sharp compared to my old monitor. There is no longer any ghosting, but the screen goes slightly out of sync (not tearing) when moving real fast in CoD4. Guess they still need to improve a bit in response time. I don't mind the dead pixels, but the colors being washed out and having to set the gamma to -50 makes it seem somehow... off... even though it looks more normal then usual. Reducing the brightness helps, but it also causes the colors to fade. So I either need to burn my retines or stick with lower contrast levels.
You should not have to make any adjustments to the gamma -- that is what may have contributed to the color banding. Instead, you should look at reducing the brightness as much as possible while keeping the contrast ratio high. That done, adjust the color settings individually on the MONITOR (not through software) until they look accurate.
Also keep in mind that good LCD's are generally a LOT brighter than CRT's. You'll get used to it, and in 3 months, you'll be wondering why you didn't switch sooner
Side note side note. Dynamic Contrast (LG calls theirs digital contrast ratio, DCR) is annoying. It's like HDR that is on all the time, so I notice my monitor getting darker and lighter, then darker again, then lighter. D:
Most monitors have a setting to turn DCR off if you don't want it.
My big question is, what about viewing angles?