That actually looks more like a TV than a monitor. I would not recommend any TN beyond the 22" size for close range viewing (as done with computers), since the low viewing angles will lead to heavy color distortions at the edges from any direction you look at it.
Take a look at the Acer AL2616Wd instead. It is fairly new and there isn't much known about it yet, but it seems to the best deal among the larger 1920x1200 monitors (PVA panel and wide gamut backlight for a sub-$700 price). I don't know what its response time and input lag are like though.
Among the smaller, more common models of the same resolution, the Dell 2407WFP-HC (MVA panel and WG backlight, but rather slow) and Philips 230WP7NS (high end IPS panel with low input lag and motion blur, but an inch smaller) are probably the top choices under $700.