I contacted a local supplier, and they let me go in and view a couple of the AOC I2367fh monitors before I bought them. In the shop I could notice a little bit of light bleed, similar to that I saw in previous models I had bought from another supplier, but I came to the conclusion it was only a bit, in extreme lighting conditions, at unusual angles. For the price offered, they were a great deal, they even gave me $10 off each of them, which was nice.
If I had any doubt about IPS vs TN, it was solved in the store. I was looking at a row of TN models they were displaying, and they all looked good, a few were noticeably worse than others, but they all looked more or less fine to me. Then I went around to the other side of the display, and among a row of TN screens, there was a lone IPS one, and wow. The colour difference between the IPS monitor and surrounding TN ones was huge! In comparison, the IPS was crystal clear, with bright, and vibrant colours. The TN monitors looked dull, ranging from a little to severely discolored at most viewing angles. Any doubt I had about TN or IPS was resolved then and there.
So I had another think about it. The AOC monitor was by far the cheapest, it looked nice, the colours seemed great. There was a little light bleed, but ultimately I decided this was worth it for the price range. The next option was either waiting at least a month, which would place the purchase a few weeks before my final exams, which is no good - it would only serve to distract me from studying, and it would cost an extra $60. After that, it was the LG monitor for an extra $80 at least, and it had the possible sharpness issue I was wary of. With that in mind I went ahead and bought the AOC monitors.
So far, no regrets, they offer good image quality, and while there is light bleed, its hardly noticeable - only at unusual view angles with extreme lighting conditions. If anything, some of the youtube videos I am watching suddenly a little over saturated, but that might just be me, or I still need to tune the colours. On the other hand, my games look great, some, like ARMA, used to look very bleached out and lifeless, but it now looks a whole lot better, with much more vibrant colours. Out of the box colours are fine, although tweaking them is a significant pain in the behind with the OCR buttons behind the screen. Build quality seems nice and sturdy, the panel seems a little delicate to me, but that's only because I'm use to a huge, heavy and fat cfl monitor. It is also a little annoying that the screens dont have inbuilt transformers, instead you plug a transformer into the mains and run a cable from that to the screen, but for the price, I'm not surprised/fussed. Nice contrast, no noticeable motion blur from the 5ms response time, all in all, a good monitor for a budget.