27", 120hz, IPS?!?! Really, I don't know what to think. I've been searching forever for a 27", 120hz monitor, and I know now they are starting to come into production, but so far every single 120hz screen that I have ever seen uses a TN panel, so what the heck?! How can this have an IPS panel, and for only $440?!?! This doesn't make sense at all, there's just no way. My only guess is that the description of this monitor is stating that all of the E70 models are equipped with an IPS panel, but this is an exception, and maybe they forgot to update the description. If this really does have an IPS screen though, I would pre-order it right now without even giving it a second thought.
Even if it were a 6-bit + A-FRC e-IPS panel, the 120hz and led backlight would drive the price higher than that. It doesn't show up at LG's website, and I don't find either a release date or specifications that list the viewing angles. I recommend waiting until more solid information is available on it.