I remember buying a relatively cheap LG monitor with a TN panel, looked similar to that one, and being very dissatisfied with washed out colours and bad viewing angles. Returned it the next day. Can't say how it'll compare to that one, but hopefully it's not too inconvenient for you to return if you don't like it.
I ended up buying this monitor instead, really happy with it. http://www.bestbuy.ca/en-CA/product/benq-benq-21-5-60hz-6ms-led-monitor-gw2265hm-black-gw2265hm/10300688.aspx?path=824a23ee0ddc16cea7deda35c295a423en02