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I share your opinion on Panasonic IPS-alpha but we are in the minority. Most people do not like colors that appear either dithered or wide-gamut or smudged colored-text, they want everything tight and sharp and can pick it out from a mile away and cry loudly about it...no 4:4:4 chroma, but I don't notice really, I guess I don't experience those situations. Great for games and movies, no input lag and excellent blacks, and no bleed.
It doesn't have to be this complicated if the OP sticks to the 24" ~ 27" range, because all he would need is a monitor. Any small TV in that size range will either have junk parts or poor visual results.
I share your opinion on Panasonic IPS-alpha but we are in the minority. Most people do not like colors that appear either dithered or wide-gamut or smudged colored-text, they want everything tight and sharp and can pick it out from a mile away and cry loudly about it.