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+ Possibility calibrate directly monitor, no need to load additional info to the gfx card LUT during system startup.
- It is constly, in other words such monitors are constly.
- Not everyone needs it, some poeple are happy with on-screen menu adjustments.
- Need a calibrator to fully utilize it.
- Its usefulness can be prettly low with some crappy screens like Eizo using S-PVA or even TN panels in their "professional" monitors.
You will still need colour managed applications to display colours correctly on a monitor with a built in LUT.
Yes monitors with it are expensive. The reset of your negatives are trivial to non existent.
Not everyone needs isn't exactly a negative about it. You don't need a calibrator to use the Internal LUTs any more than you need one to use the graphic card ones. The NEC has built in factory calibration that will use the internal LUTs as will most other settings. Again not fixing crappy monitors (didn't know there was a TN with internal LUTs) isn't an issue with having an Internal LUT. The only real negative is the price
didn't know there was a TN with internal LUTs
You probably confuse LUT (that every monitor has) with rewritable LUT (that higher class monitors have).