Yesterday I came across this article about LCD monitors that explains in detail why manufacturers' specifications mean very little, if anything at all. They also explain differences between four different types of matrixes that are used in all today's LCDs. It's a bit long, but its well worth reading IMO.
You can find it here: http://www.xbitlabs.com/articles/other/display/lcd-guide.html
You can find it here: http://www.xbitlabs.com/articles/other/display/lcd-guide.html