If it seems like it'll fit your needs/desires, it could be a great LCD, and it definitely looks great.
But passive 3D and eIPS = meh
LG makes some great panels, so it could be a good example of eIPS (actually, LG might be the only manufacturer of eIPS panels... :hmm

, and passive 3D works for those who don't mind the limitations.
Passive 3D is something I think is the future, but right now they are cheap methods to try and compete with the better 3D technology right now.
Passive 3D monitors, including those upcoming LG models, are certainly not 120Hz. Well to be fair, I can't dig up full specs for those LG models, but most likely they will be 60Hz.
If you don't want 120hz and don't care about Nvidia's 3D technology and the supported games, then it'll probably be a great monitor. But in my eyes, it's sacrificing too much to be a good purchase.