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Pros: Very High Viewing Angles (IPS FTW)
Pivoting Display (Portrait-Mode FTW).
Bright (adjustable) Backlight.
Sexy Silver-Grey Bezel.
Other Thoughts: I'm no graphics designer so I can't comment on color reproduction. The contrast does seem to slightly best my Acer S231HLBbid.
The IPS display tech makes the viewing angles very high, and therefore extremely suitable for viewing the display in portrait-mode (which is awesome for web browsing and programming, btw).
I got this monitor when it was on-sale for $159.99, which is a steal for a 23" pivoting display. If you don't have the desire for pivoting your display into portrait mode, then go with something cheaper (and probably non-IPS).
Pros: It's an active converter. It works.
This is paired with my Radeon HD 7950 graphics card and it works fine.
Other Thoughts: If you have this converter connected to a display that you frequently turn on/off that isn't your main display, there will be a ghost display that your computer will try to output to. Assuming you have the option, connect this to your main or an otherwise always-connected display, just to make your life a little easier.READ FULL REVIEW