Yes, it is. I had a previous 120 hz BenQ, but had to get rid of it due to the PWM flicker. Everything I read tells me they fixed that in the TE. As much as I would love to play BF4 w/ that monitor, I'm still holding out hope for a 120 hz IPS...yeah right.
edit: how are the colors on that monitor? The one I had (XL2420T?) was wacked.