I broke down and bought a Dell 2407WFP monitor on Monday. It arrived this afternoon. I have read plenty of complaints and negative things about this monitor, and while some of them are true, it’s still a gorgeous piece of equipment.
I have an A02 revision, which is the version that fixes the color banding and blurry text issues that have been widely reported. I've only been using it for a day, but I have not noticed a hint of banding or blurred text in my daily use. And no dead/stuck pixels to boot!
The problems that do exist are not deal-breakers for me. First, there appears to be a bug in the firmware that makes it impossible to display 1600x1200 mode without stretching to fill the screen. I'm not a PC big game player, and the monitor runs natively at 1920x1200, so I can't imagine this would affect me.