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LED backlighting provides a much brighter, more vibrant picture and a much more even distribution of light. On top of that, it uses less power. Better still, black isn't as washed-out looking on an LED display as opposed to traditional CCFL backlit displays.

And no, that monitor does NOT have LED backlighting.
This one and this one do, and I believe they are the only two with LED backlighting on Newegg.
And before you write off the Samsung as "overpriced", consider that its a 30" and has an IPS display panel, which means TRUE and ACCURATE 16.7+ million display colors. It's intended for professionals with strict color accuracy requirements, not consumers.

But if you want a side by side comparison, walk into any apple store and compare the cinema displays yourself. The difference will be very clear.
 
yes it has LEDs for backlighting instead of fluorescent lights. this makes a display more energy efficient, lights up faster and colours show more vibrant.

that display does not have a LED backlight. its fairly new technology and will be pricey. i think the Apple 24" LED display is the huge computer LCD display at an 'affordable' price. theres also the Samsung SyncMaster XL20.
 
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