I recently bought a couple of Alienware AW2521HFL monitors that are 8-bit IPS and do actually run at 240Hz. They don't even use FRC to achieve that 8-bit color!

I recently bought a couple of Alienware AW2521HFL monitors that are 8-bit IPS and do actually run at 240Hz. They don't even use FRC to achieve that 8-bit color! There's also the MSI MAG251RX which uses the same panel but adds FRC to get 10-bit color! The downside to them is that they're 24.5" and 1920x1080. I'm ok with that because I paired them with my 34" 3440x1440 screen as side screens. However, it's a really low pixel density to use as a primary monitor. That's the part that sucks. A nice 4k or 5k monitor like the LG Ultrafines will only do 60hz. All that said, the Alienware screens seem expensive until you look at how much the other 240hz IPS screens cost. At the price, they also come with a nice 3 year warranty and a really good stand. The part that irritates me is they don't calibrate them. One was way off compared to the other, so I'm waiting on a warranty replacement just on the basis that I think that one is not going to be easy to correct.