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Asus vs247h-p vs 248h-p

Solution
G
There's actually no real difference at all. They're both basically the same monitor.
Go for the cheaper one at the time because the prices seem to jump back and forth.

I personally own a VS247H-P and I LOVE it.

You could look at the differences here, they're really minor:
http://computer-monitors.findthebest.com/compare/722-723/ASUS-VS248H-P-vs-ASUS-VS247H-P#/
There's actually no real difference at all. They're both basically the same monitor.
Go for the cheaper one at the time because the prices seem to jump back and forth.

I personally own a VS247H-P and I LOVE it.

You could look at the differences here, they're really minor:
http://computer-monitors.findthebest.com/compare/722-723/ASUS-VS248H-P-vs-ASUS-VS247H-P#/
 
Solution
The 248 inch has slightly better colors and is being produced to take pace of the 247, they are selling the rest of the 247's and discontinuing them. That's my 2 cents on the situation. Both of these monitors are great for the price point and the $10 just gets you the extra half inch and a little more brightness.