Just wanted to follow up on the thread. Went to Apple store today for my appointment at the genius bar. Showed him the problem with the display and he did some tests. With the overhead fluorescent lighting it wasn't as pronounced as when I am at home, however he still was able to see the flaw and since it was within 14 days he would talk to the manager and see what they could do.
The manager comes over and says he is really sorry for the trouble and understands that my first ACD 24in had the power supply issue and now this issue with the screen. He said they almost never have issues with the display. He said he wanted to do things right and would be happy to take it back for an exchange but wasn't sure what else he could do. I mentioned that I was thinking of just asking for store credit to get the new quad core 27in iMac when they come out next month since I could use that for an external display and was planning on getting a MacMini eventually to have something at home with the ACD when I am out of town for the family to use. I asked him if maybe I could just get the store credit for the monitor and put that towards the new computer. He said sure he would be happy to do that and for my troubles would cut me a little discount on the iMac for having to deal with two monitors that didn't work properly. I said that would be great and was curious how that would work since I have an educational discount and if it would be one or the other? He said "no, he would be happy to use both of them for me."
So score one for Apple. Got almost $1000 back for the display +tax. Have $600 budget for a new computer from my account at work. So depending on how much of a discount the manger wants to give me, looks like I will only have to pay out $300-400. Not bad at all and that makes me

.

Rocks!