http://en.wikipedia.org/wiki/TFT_LCD#Types
To put it simply, monitors which use twisted nematic (TN) panels are almost always on the cheap end of the scale. The colour reproduction and viewing angles aren't good on these panels, but they are very fast - one thing gamers tends to want.
Monitors that use vertical alignment (VA) panels tend to have extremely deep black levels and good contrast ratios, these are good for films and TV and also make games more visually stunning. However, they tend to be quite slow, so you'll see a lot of ghosting/blurring. The viewing angles and colour reproduction on these panels are good too, better than TN.
Lastly you have in-plane switching (IPS), these have the best colour reproduction (i.e. most true to life) and viewing angles of all the panel types, but most suffer from mediocre black levels (although some are on par with TN monitors). Typically, IPS monitors have been used by professionals who do colour critical work and require accurate colours. They also used to be quite slow, but with recent models (i.e. HP ZR24w, Dell U2410, Dell U2311H) they've really improved the response rate and input lag, particularly on the U2311H, where people have played games on them fine.
As PCM2 has already said, the level of ghosting is going to be very similar to the Samsung F2380 which a
lot of people found ghosted too much. It's successor, the F2380MX, had better/reduced ghosting though.