Funny, I just switched from the M990 to a 2005fpw. I've had it for 3 weeks and had been going back and forth trying to decide if it was worth it (I paid $565) when I hooked up the old CRT and looked at them side to side. I was shocked at how dingy the M990 image was compared to the LCD and now I feel sure it was worth it. But I'm not sure if it is the ideal choice for a graphic designer. Most people seem to feel that the best CRTs are still better overall for graphics work. For an LCD, it probably is a good choice. I believe it uses an S-IPS panel and these have the best reputation for color reproduction among LCDs as well as good viewing angles. And the usual weakness of S-IPS panels, contrast, is fairly good on the 2005 (600:1) but still nowhere near as good as a quality CRT. I certainly find it much better than the M990 for my photo work, but that's just an amateur photographer's perspective.
Overall, I'm very happy with it. The only cons are it's backlighting issues, which on mine are tolerable, and the contrast which can make low contrast images or 3d scenes seem washed out a bit. 95% of what I do on the computer looks better now (this includes text, web stuff, photo and video editing, HDTV, movies and 3d games). And I love the features on the 2005 - being able to rotate easily is great for photos, and the USB ports are handy, as well as all the obvious advantages of the LCD over the CRT. I don't think I could have done better in an LCD, given the variety of uses I put it to.