That Acer is a TN panel, which is not even remotely comparable for color, accuracy, or general image quality. There is a vast difference in image quality between the two, and the Ultrasharp definitely has the lead. It is well worth the money IMHO (although I'd be tempted to get the U2410 instead if I were buying a monitor now - it's an even better panel than the Ultrasharp, though not by enough of a margin to make me replace my current Ultrasharp 2408")