I don't think the ASUS is LED, but instead CCFL. (ASUS's USA site will not load product pages - it redirects to their mainpage. Same thing for the VW266H. However, the Global site works: http://www.asus.com/product.aspx?P_ID=zMRyN4KB5o5rSqKr
I have an older ASUS VH242H monitor, and I like it a lot. Though, it does have a little bit of back-light bleed at the top and bottom edges.