VA panels will be slightly worse at color reproduction than IPS monitors. The difference is not so great that you will notice it while gaming. However, the difference might be relevant for anyone looking to do design work on their monitor as well.
VA panels generally offer slower response times than TN panels. However, just like with the IPS panels, there are plenty of VA panels that can pull one-millisecond response times. So while TN reigns for budget options, IPS and VA panels are the superior options if you have the money for them.
Generally speaking, IPS and VA panels offer a very similar user experience, but VA monitors are often slightly cheaper than an equivalent IPS monitor. However, VA monitors do suffer from more motion blur and ghosting issues than IPS panels. So IPS remains the best option for anyone doing design or precision work.