Its a pretty huge monitor, which is both good and bad, I upgraded to this mostly for gaming on consoles (360 and ps4/xbox one)
I tried out some of the competition here are my opinions:-
Dell 2414H - Low contrast in comparison, I noticed no improvement in responsiveness, side by side ANYONE would choose the Benq, Dell looked grey and washed out the colours on the Benq looked slightly different but still beautiful, but the constrast and blacks are BEAUTIFUL! The Dell has a very nice stand and looks great when turned off, but I'd rather have a great picture when turned on.
AOC I2757FM - Again low contrast, very similar to dell, beautiful looking monitor(bezel and stand) but the picture wasn't a patch on the Benq, no movement in stand(same as Benq).
Now on to the Benq EW2740L.
I keep saying this but you really have to see it, the contrast is beautiful, it makes games and movies look great, I guess if you are going to do office work any of the monitor would be fine, but then again so would any cheap monitor. If you play games of watch films then the contrast and black level are important (colour is too but them are all great for colour) The Benq is far superior for colour or contrast and you WILL notice it. I have tried and tried to notice problems with response times but as long as you avoid the AMA Premium setting I see no artefacts or ghosting, my skills in COD and Battlefield have improved, everything looks beautiful and my photos look more natural and rich than them did with my old monitor.
If you want a monitor at this time and only want a 1080p resolution (console gaming or tv and movies) then this is the one, it might be worth waiting for another year it get even better response times but the contrast, colour,price and responsiveness/lag here are a pretty amazing combination if you have £210 to spend.