Mr. Wonderful, only TN panels(the cheapest ones) are incapable of displaying full color, SIPS and MVA/PVA can display full color.

Only thing that kills LCDs to me would be the low refresh rate.

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system: Intel Core 2 Duo e6400 @ 3.6GHz; 4*1GB RAM(micron D9GCT) @ 450mhz(DDR2-900) 4-4-3-8; Enermax Liberty 400AWT PSU; nvidia GeForce 8800GTS 640mb (660mhz core; 2120mhz mem)
If you liken America to the Titanic, Obama is the iceberg