Cool. Thanks, Czornyj. More food for thought.
I really wish that NEC made a 27" equivalent to the P242W, as I'm starting to lean more towards an sRGB display, but would really like 27".
Oops note that in all my posts above I thought you were talking about the PA272 and PA242 and didn't realize you meant the P242 for the smaller one.
I don't know anything about the P242W.
I doubt the P242W has the fancy 3D LUT and does it even have the uniformity compensation? Maybe it does. I don't know. Important things to look into. If it is a so-called regular gamut monitor then I doubt that it actually quite is able to cover all of sRGB, although it would be close. The PA242/PA272 would be able to cover all of sRGB.
I would NOT lean toward sRGB for photo myself. Wide gamut is so nice! It's great for stuff like sunsets, fall foliage, tropical waters, brightly colored clothing, flashy colored cars, emeralds, flowers. For YEARS I wonder what I was doing wrong taking pictures of certain subjects, such as flowers, no matter what I did they'd never look like they would in real life. I got a wide gamut monitor, BOOM, 95% of my old pics suddenly looked like real life colors! The problem wasn't me or my camera it was nasty sRGB with it's stingy colors clipping away the real life colors. Even a simple red rose is IMPOSSIBLE to capture as in real life in sRGB. I would never go back to a regular gamut monitor! And with these monitors having such great sRGB modes, all internally calibrated, there is no worry as with the early wide gamut monitors. You can have your cake and eat it too and an extra bonus cookie since even sRGB is more true to full sRGB specs!