Great bang for your buck

Strengths:

-Lots of configuration options
-Convenient "Splendid" mode feature
-Smooth response time for gaming
-Built-in speakers and audio jacks
-HDMI port to plug in game consoles or a blu-ray player
-HD videos look fantastic

Weaknesses:

-Gloss finish on casing attracts dust and fingerprints
-A bit wobbly on the stand
-Requires some configuration, and manual doesn't explain settings
-Viewing angle could be a bit better

Summary:

Stock settings weren't very good, but once set up/configured properly, this monitor is great - especially for the price tag.
The clarity is really good. On my old monitor, anything above 480p looked the same. On this one, the HD videos I have actually seem worth the hard drive space! Plus, with the built in speakers and audio in/out jacks, I can use the Xbox 360 through HDMI without worrying about losing the sound.
I recommend it for anyone who can't afford a high-end model.