well modern TFT displays can support 16.7 million (8 bit colour depth) from PVA, MVA and IPS panels. TN Film can only really produce 256k colours, but use dithering to show a 16.2 million colour depth (6 bit) which is a way to trick the eye into seeing intermediate colours as it switchs between two like colours. Some new models like the Eizo S2110W are even listed as 14 bit which is 4398 billion colours!! not sure really if there is any recognisable difference between 16.2, 16.7 or 4398 billion colours when it comes down to real use. Probably wouldnt matter unless you're a hard core graphics / photo professional