So after a couple of days with the new LG LED IPS monitor, I can say its pretty good. I’ve been playing a ton of WoW/Warlords of Draenor, Dragon Age: Inquisition, The Long Dark as well as watching some of my favorite movies (Inglourious Basterds, Edge of Tomorrow, Captain America: The Winter Soldier and X-men: Days of the Future Past) and its looks good. It was definitely worth the 230$ (189$ on sale, 230$ all together with taxes and shipping.)
My only gripe about it is that there is some backlight bleeding on the bottom part of the screen, not enough to say it’s broken but enough to be noticeable while watching movies with dark or dimly lit scenes, I barely see it while gaming.
Other than that, its a pretty good monitor and its a definite upgrade over my older one.