Have you checked to make sure your resolution is set to 1280x1024?Quote from Farside:
I don't know if there is a bad batch or not, but I just bought two also for 299 this week, and they have really washed out colors. They are good for reading text, or charts, but watching T&S or Lvl II gives me eye strain after 30 minutes or so. I guess I'm sensitive to the ghosting. There has been a lot of good feedback on these monitors, so I wonder if they started using a cheaper panel recently. I'm sending them back.
Also, go to the Image Setting menu and have it Auto Adjust to properly calibrate the monitor.
Finally, these monitors are very bright, so be sure to reduce that if you are going to stare at the screen for long periods of time.