I've been monitor shopping lately and here's my take. no matter what you are doing on your computer, you will be using your monitor. I think it is a good place to spend some money, and a good monitor will generally last a long time.
I will never buy a TN panel again, just because of the poor color reproduction and poor viewing angle. If you are going with a large monitor (especially if you sit fairly close to it), viewing angle does become important because the colours really wash out at angles. Tn used to have an advantage with response time, but the newer IPS panels have sub 7ms gray to gray response times. 27", I think, is the point where you need to decide if you want to go with 1920x1080/1920x1200 or 2560×1440/2560x1600. If you do lots of gaming/movies (and have a GPU to handle it) you want more resolution. If you do more office type tasks, resolution is less critical. Also, you need to decide between 16:9 and 16:10 ratio. I like 16:10 myself, but it's really a personal preference. LED vs LCD, LED has an advantage with contrast ratio, because some LED panels can turn off individual LEDs to get a true black. LED's also use less power and are generally a lot lighter (meaning physical weight) than LCDs.
If I was to buy a monitor today, it would be a Dell U3011.
However, I think that in the near future we will start to see some major improvements in monitors, following the trend set by TVs. 120-240hz, thinner bezels, better prices, etc... I also think that eventually they will start using coloured LED backlights to get even better colour. Not that there is anything wrong with the current IPS panels.
Go to a computer/electronics store that has a lot of monitors on display and take a look at a tn vs an IPS. Look for some bright colors, maybe a nature photo or similar and check out the color difference. Also take a step to the side and check out the viewing angles. Then you can decide for yourself if the IPS is worth the extra money.
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