Received this monitor yesterday, ordered on Tuesday I believe. The reviews and forum comments are pretty spot-on: inconsistent/inaccurate color reproduction, color banding/gradients on solid colors, poor viewing angles, backlight bleeding, etc. However, I still think its an incredible bargain for a 22" wide screen panel and I was shocked at how big it was in comparison to my trusty old 19" Dell Ultrasharp 1900FP.
This panel is BIG. It handles 3D games well, very little/no ghosting, image is sharp and colors are vibrant. Screen is bright overall and noticeably brighter than my aging 1900FP and E1505 Dell Inspiron laptop. 2D is also sharp with a ton of space to work with different windows and applications. The native resolution of 1680x1050 is also perfect for mid to upper range video cards for PC gaming, although with a panel this big it could stand for a slight increase in resolution. Obviously the trade-off would be worst performance as the higher resolution would be more taxing on the GPU. Movies look decent, but the poor black reproduction mentioned earlier really hurts this panel if you plan to use it a lot for movies.
Color accuracy seems a bit off and in 3D games, the bright colors seem too bright and the dark colors seem too dark. I could probably fix some of these problems with some graphics card control panel/OSD tweaking, but at this point I'm not going to bother to. Also, solid colors show some banding, like the top of the Window's bars have a gradient that shouldn't be there. The upper left has a small area, maybe 1/2" by 4", where the color reproduction of solid colors varies from pixel to pixel. The effect is a random pattern, where there should be none. There's also a good bit of backlight bleeding at the top of the LCD, which is again, only really noticeable on solid colors (not in 3D games). I didn't really notice too much at the bottom as some other comments had indicated.
Overall, I still think the monitor is an incredible bargain, however, there's one deal-breaking flaw which led me to the decision to send it back. There's a random flickering of the backlight that I thought only happened in 3D games (certain effects going off), but I also noticed it a few times while typing this up. Its as if you blinked or you had a light bulb in your room that was about to die. I could totally live with the other flaws of this panel considering its $300 price point, size and overall value, however, the flickering is something that I simply can't overlook.
It might be my particular monitor or perhaps the early revision A00, or even a symptom of a $300 22" wfp, but I'm not taking any chances. I was taken back by the size and brightness of the panel though, so there's no going back to my dull old 1900FP. I placed an order for the 24" 2407wfp (@630 shipped with 10% coupon) to replace this 22" which is going back to Dell. I'd advise anyone looking at this monitor to wait for a later revision or consider stepping it up to one of the higher quality (and higher priced) models instead.