From what I've heard, yeah. Apparently it looks better than the 2405FPW and doesn't have as bad input lag like the 2408WFP. I've also heard rev. 04 is the best version.
I've had mine since late '06 and it works great! It has great color and mine is the non HC version so I'd bet that one is even better. I use mine primarily for gaming and casual web surfing and haven't noticed any input lag. If you can get one for a good price, I'd jump on it.
Whats a good price? I also think that wherever I can get one, it would probably out of warranty or dell wont honor it anymore. I dont know when they stopped revision ao4 but my guess is that the warranty wouldnt be valid for to terribly wrong.
I had a 2407WFP A03; I sold it to my brother for $300 about a year ago. I wouldn't pay any more than that. The response time was the best you will ever find in a S-PVA panal, but they have black crush real bad. I replaced it with a Dell 2709W and I like it much better. I do miss the sRGB gamut though. I had to buy a colorometer to get the 2709W to look anything close to right.