it's not common. Dead pixels / sub pixels normally manifest themselves during the manufacturing stage. VS's 14 day policy on their VP series also covers possible damage during shipping etc. Unless you poke your screen a lot, you're unlikely to develop them over time.
I had an issue with a samsung 225bw i purchased from overclockers and they told me they only offer refunds on monitors, anything else would be down to the manufacturer to sort out.
If they offer you a full refund, including the original P&P then fair enough. Else it is their responsibility to fix the problem and liase with the manufacturer if needed.
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