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Pros: Whites are very good, makes word and PDFs very easy to read. No dead pixels on mine. Refresh is decent, HD sports look great, gaming good too. I have it next to my last monitor, a LG W2453v and it is no competition, the Acer is better in every way. Very happy with this monitor for the price that it is.
Cons: None, other than a little LED bleed at the bottom of the screen during boot up...not really a con, since I have never noticed it during normal use
Other Thoughts: Very happy I bought it, great bang for the buck. Not the best monitor out there, but for the money it's very good