IPS Monitors - 6 bit A-FRC Good Enough?

I've been looking for reasonably affordable IPS Monitors. I've had a couple of video editors suggest the Dell UltraSharp U2312HM and the HP ZR2440w. The Dell is a little more in my price range, but doing further research I've found that they are both very similar (maybe actually identical LG panel) 6 bit A-FRC panels that use frame/pixel averaging to achieve their colors.

I've also found that it's incredibly difficult to find any true 8-bit IPS panels in the $250-$400 price range.

Can anybody help me out and tell me if, in this range, the 6 bit is still a good monitor? I've heard the newer eIPS technologies have gotten much better with dealing with banding and other issues that may arise. Are there actually any 8 bit panels in my price range anyways? (hoping to spend a max of $300 for the monitors, though I would go a bit higher if necessary).

Also, what are your opinions of 16:9 vs 16:10?

Any and all help is much appreciated!

I've been reading lots and lots of reviews on the Dell and couldn't avoid the fact that they hit my price point for dual monitor. Many people loved them, although the complaints like the ones aarond mentioned are definitely out there. I think they will be an upgrade from my current monitors without question (old budget LG tn panels). I had to go with (x2) 23 inch as I needed twins and I can't afford (x2) 24 inch panels, but I've only ever owned 16:9 so far, so I'm not too worried about that. Unfortunately there are no local stores near me that carried any of these current budget IPS panels (dell, hp, lg, etc), so I just had to purchase them, which I did direct from Dell. Hopefully I'll like them, but if not at least I won't be dealing with newegg's bizarre LCD return policy.

Clean desk! Nice pic. Reminds me of some of my views working onsite in Chicago.