The annoying thing about "stepping up" is the motion blur that comes along with it.. Im still used to a CRT's response time (recently died) and I can easily notice blur on my current Samsung PX2370 (2ms TN panel), I cant imagine what it would be like on an IPS panel.
I had the money but after doing a lot of research ended up with a TN panel based on the fact I play a lot of games.
It'l be nice when (if) they can come up with a IPS / VA etc. based panel with super fast response.
IPS panels have far better motion response than VA and TN. But like its brothers, it too suffers from high hold-time