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I got this monitor as a replacement after my old Samsung went to service and never came back. This is a great gaming monitor with 2 ms response so no ghosting and blurring is present even in the most action packed movies and games. It has great colors and not that great contrast ratio. It also has a neat mode cinema feature that when you are streaming a video online it grays everything around your video so you aren't distracted from the video. It has a pretty nice design (at least for my taste). I am using it for some time now and its been pretty reliable and all in all served me well. It also comes with a 3 year manufacturer warranty which gives you a sense of security that if something goes wrong with it you would be able to get a replacement or something.
Its only flaw is its glossy finish which is inviting finger print trails and dust to stay on it forever and it's hard to keep it clean and neat. Also if you splash a mosquito or a bug on the display surface (they can get really boring at night when the light in the room is off) it is really hard to clean again. I also like that LG puts DVI and VGA cable with the monitor which allows you to connect laptop or some older PC systems to this monitor.
Conclusion: I really liked this monitor and when I consider a replacement I will for sure look for an LG. I had great experience with it so far. Great reliability, great monitor for its price range.