Would a 24" AMVA with 5000:1 CR make a good monitor?

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I'm not sure what the actual black depth is, but I haven't had much trouble with the blacks on my Samsung P2770HD. The deepest black I see for a 27 inch monitor in the comparison tables at TFT Central (I don't know of other sites that have such comparisons) is 0.06 cd/m2 for the BenQ EW2730V.
I'm not very familiar with A-MVA panel technology. Other than it attempts to give you wide viewing angles with high contrast which makes easier to view certain details by allowing you to potentially see more shades of color without the various subtle color shades being "crushed together". The high contrast makes this type of panel generally good for movies since it can bring out more details.

The downside to these A-MVA panels are higher response times compared to TN and IPS panels. Like other VA panel techologies, A-MVA panels have off center contrast shifting which is the primary reason why the market for graphic professional monitors are dominated by H-IPS, P-IPS and S-IPS panels. High response times can be bad for fast action movies since it can cause ghosting and the more off center you are the more contrast shift you will see.

As for text... the general rule is that as long as you are using the monitor's native (max) resolution, text and graphics will be the sharpest they can be for that monitor.
 
Yes, but not many people really need the contrast ratio that high. Also, the only monitor I can find that uses such a panel (based on TFT Central's panel parts database) is the Philips 241P4QPYES, which was measured at 1691:1 static contrast here (rather than the 5000:1 it claims):
http://www.pcadvisor.co.uk/reviews/pc-peripheral/3335926/philips-brilliance-241pqpyes-review/
If you really want high static contrast, you might look at the NEC EX231Wp, reviewed here as having over 3000:1 static contrast at various brightness levels:
http://www.tftcentral.co.uk/reviews/nec_ex231wp.htm
(see the "Contrast Stability" section)
 


Yes, I am familiar with that Phillips and am surprised the claims were that far off; it was more than I wanted to spend anyways. This Benq GW2420 is the one I was interested in http://www.benq.us/product/monitor/gw2450 though the NEC EX231Wp you mentioned looks pretty good too; I definitely trust the brand more, the only concern is that high response time but my main concern is reading text and I already found a review for the NEC that said it surpassed their IPS for text. You say not many people need their contrast ratio that high but I thought that was the big deal nowadays.
 
OLED screens have much higher static contrast, but the ones big enough to use as computer monitors are still super expensive - I found the Sony BVM-F250 (24.5 inch diagonal) for $12,600 here:
http://www.bhphotovideo.com/bnh/controller/home?O=productlist&sku=825363&is=REG&A=details&Q=

I suppose I haven't paid much attention to reviews that emphasized the importance of extra high contrast ratios because I have other interests that are higher priority to me (connectivity first, then size, then passive 3d and/or higher resolution)
 
I'm not sure what the actual black depth is, but I haven't had much trouble with the blacks on my Samsung P2770HD. The deepest black I see for a 27 inch monitor in the comparison tables at TFT Central (I don't know of other sites that have such comparisons) is 0.06 cd/m2 for the BenQ EW2730V.
 
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