A lot's being made of the banding issue since i noticed it, so i thought i'd post a bit more of a balanced take on it.
It's only visible on artificial vertical gradients, and they are pretty rare to find. You might see them in a tiny proportion of all the games out there, the odd website, or if you do any design work with computer generated images.
In fact if you do create gradients in photoshop, by default they are dithered, so the banding won't be present at all. It's only if dithering is disabled that you might notice it.
I don't believe it can be corrected by calibration or gamma correction, as sideways gradients are fine, and nobody could sensibly argue your monitor is only calibrated in one axis, hehe.
It's almost certainly an artifact of image/colour processing provided by the Genesis chip in the new revision of the monitor. The tiniest amount of grain, noise, or dither immediately removes the gradation bars from a gradient (you can use the photoshop grain filter to test this). Any non-CG gradient will never become banded on the screen, only perfectly smooth and noiseless artificial ones cause this artifact. A realistic solution would be a firmware update providing a 'Desktop' mode with reduced image processing, and a 'Multimedia' mode with the current processing enabled.
All things said, the new hazro's are a truly amazing monitor. Black level is perfectly acceptable, grey shades and dark details are clearly visible and miles better than any VA panel, there are no gamma issues, viewing angles are really quite good, and there is barely perceptible ghosting in even the fastest of games.
I've tried the monitor with blu-ray discs of blade runner, casino royale, lost in translation, 2001, usual suspects, and a few others, and for multimedia this is a beautiful screen, better than a few FullHD TVs i've seen. It blows away the digimate AMVA panel i had before, the picture is so much better in terms of realistic skintones, dark detail, and reproducing difficult scenes that many monitors and even TVs mangle. A friend was over when i had Blade Runner on and almost immediately exclaimed it put their brand new HDTV to shame.
I've tried a few games such as crysis, mohaa, cod4, grid, tf2, counter-strike:source, and they all look perfect, as good as my old CRT if not better, and again miles better than the AMVA panel did. No traces of banding either. Only one game i tried exhibited the banding effect on a toolbar panel that used a simple computer generated grey-black vertical gradient.
Photographs too look perfect on it, very natural and without any distortion of shading or colour.
In short, unless you do any computer generated design work, this is an ideal and flawless screen. The gradient issue won't show on the vast majority of uses for it. In games, movies, photographs the picture quality is simply awesome, and i don't believe you could find a better 24" monitor.
For me personally, i'm actually not sure whether to keep it. I absolutely love this screen for multimedia, i couldn't ask for better. It's a question of whether to put up with the gradient artifact when i use 3dsmax, and whether for £450 i can live with having to check if the bars i see are in my image or just the screen playing a trick on me. It's a tough choice.
I contacted Hazro mid-week about the possibility of entering a service menu to disable some of the processing, or if a firmware update would be required. Sadly i haven't heard from them yet, but i would keep the monitor if they plan a firmware upgrade to make the screen more suitable for CG work. I only have until middle of next week before i can no longer return this under the DSR, so here's hoping they do get in touch.
With that in mind i've been hassling some HP lp2475w owners, asking them to check the same gradient images and reports are that it shows them smoothly without any gradation. Yet without the hazro's image processing that causes the gradient artifact, and a matte screen instead of glossy, i suspect the HP won't offer the same outstanding multimedia performance as this Hazro. I guess you can't have the best of both worlds. I can confirm that the HP has a similar front polarizer though, just like this Hazro it'll show a white haze at an angle instead of a purple hue.