Pros: Price, Size, Resolution, Color
Cons: Build quality, power adapter, heat
I'll keep it short, as there is plenty to read about in the forums. If you want good colors, good resolution, and are on a budget, these Korean IPS 27" monitors fit the bill.
Color is "OK" out of the box, but if you are doing any photo/video work, you will want to use a basic calibration tool. This monitor has no OSD, so you can only control brightness without software. Once calibrated, these things are pretty good. Expect 77% of adobe RGB color range. Better than TN panels, but not as good as the high end IPS panels that can do >100% aRGB.
Viewing angles are just "OK". Larger, back-lit screens are prone to a bit of IPS "Glow" around the edges when viewed off angle. Using straight on at reasonable viewing distances will product the best results.
Most of these ship with a power brick designed to work with 190-240v range input, but they will work with standard 110v US outlets as well. However, they will run hotter, and are more prone to failure that ones specifically built for 110v. So, you may want to budget an extra $25 or so to replace this brick.
Buyer beware: You need a graphics card capable of support the full DVI Dual Link resolution of 2650x1440p. There is no scaler onboard, so most laptops or notebook computer will not drive these.
Definitely not for everyone, but... It works for me.

If I plug my PS3 into it, will it go to 1080p or max out @ 720p, as some people say without the scaler, it'll default to either 720p or 1440p, no other resolutions, unless you use a graphics card.
I would drop a note in the Yamakasi Catleap forum to see if anyone has tried it with their PS3 yet. I have a feeling you will need to buy a multi-input version of the monitor.
http://www.microcenter.com/single_product_results.phtml?product_id=0384780
Been tempted, but I would need a $400+ video card to push 1440p in games too and I'm not ready to drop $800 right now ($1200 really to replace BOTH of my monitors, but probably not worth the effort on #2 since it's VGA to my laptop, no way it will rez up to 1440p)
PS3 uses HDMI 1.3, with supports a max res of 1080p, whereas 1.4a supports 2560x1400 w/ 120Hz.