If you can extend your budget get this one instead
http://www.newegg.com/Product/Product.aspx?Item=N82E16824001094
Yeah, those are good specs for that price, 2ms response time and a good contrast ratio. But, I have heard Samsung doesn't do well with their LCDs, somebody posted about two monitors that went dead and a LCD TV that kicked the bucket.
I was looking at this one. http://www.newegg.com/Product/Product.aspx?Item=N82E16824254005