Came across this POST in a Monitor's forum ... seems like good info ... can anyone here confirm its validity ?
This is the biggest problem for individuals who are looking at purchasing an LCD monitor. Most manufacturers do not list the color depth of their display. Even fewer will list the actual per-color depth. If the manufacturer lists the color as 16.7 million colors, it should be assumed that the display is 8-bit per-color. If the colors are listed as being 16.2 million or 16 million, consumers should assume that it uses a 6-bit per-color depth. If no color depths is listed, it should be assumed that monitors of 12ms or faster will be 6-bit and the 20ms and slower panels are 8-bit.
Hopefully that'll help you get an idea of what your buying. I have a benq and they listed online that it was a 16.4 million color with dithering so i ended up with a 6 bit panel. It's great for games and stuff but really sucks for movies. I have turn dvds to divx just to be able to watch them on here. THat kinda bites but whatever.