I would say the LG W2261V looks better on paper: It has a contrast ratio of 20000:1 and response time of 2ms whereas the ASUS monitors only have one or the other.
I would think that if you're gonna get a 22" monitor the best choice will be a Dell 2209W. E-IPS panel, excellent in every respect. Well worth the slight extra you would pay over other 22" monitors.
I did consider the dell, everyone raves about it but I was thinking I would also plug my xbox into the screen and hence plumped for a selection of 1080p screens.
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