NOTE: Again, this is to serve the purpose of comparing Ghosting/Crosstalking/Overdrive effects to other strobing methods that I have done. So far, this is my third strobing method that I have tried. Also, since G-Sync & ULMB can have calibrated colors (Thanks to SoftMCS), the settings are: 120Hz ULMB Strobing, 100% Brightness, 84% Contrast, and RGB of 96 96 88).
Now, onto the pics!
Here is 1 pic of the TOP of the screen. Hardly any sort of Overdrive effect/Ghosting

http://imgur.com/jtLGtmT
Here is 2 pics of the MIDDLE of the screen. ESSENTIALLY NO GHOSTING/OVERDRIVE



http://imgur.com/9KeONwa,1axEUtb#0
http://imgur.com/9KeONwa,1axEUtb#1
Finally, here is 1 pic of the BOTTOM of the screen. Unfortunately, the overdrive effects are noticable

http://imgur.com/MAUMKGz
Overall, I am quite impressed that using ULMB produces similar results to LIGHTBOOST in terms of the ghosting/crosstalking/overdrive effects (albeit, the bottom of the screen wasn't too good, again, it's not even noticable during gameplay). It is also really awesome that the colors are now great for ULMB thanks to SoftMCS that allows Color Calibration for both ULMB and G-Sync modes! The colors are abit better in my eyes than the XL2411Z I did own.
It is abit unfortunate though that the persistance level cannot be varied like the Z-Series of monitors from BENQ or LIGHTBOOST in order to have a more vibrant/bright screen or crisper motion (I prefer crisper motion). However, having the ability to do G-sync OR ULMB are nice options to have. I've briefly tried out G-Sync in a few games (Black Flag and Titanfall), and it works quite well. Now, people have already said that G-Sync cannot fix In-Game or Game Engine stutters, which holds true to my experience. So as of UPDATE #2, I am currently rocking out with a G-Sync Modded ASUS VG248QE!
If I had to put the ULMB in a bucket in terms of its ghosting/crosstalking/overdrive effects, I would say that it is in between the XL2411Z's Blur Reduction and VG248QE's LIGHTBOOST (closer towards LIGHTBOOST, especially when it comes to the TOP and MIDDLE of the screen).
Again, I hope that my entire analysis of various strobing methods (Benq XL2411Z Blur Reduction, VG248QE 10% LIGHTBOOST, and now VG248QE ULMB) has been very helpful, as I have had an awesome time comparing them!!!
UPDATE: Here is more pics. These are pics of me using an ASUS VG248QE in Lightboost @ 10% with the contrast being at 48 in the monitor OSD.
ONE QUICK NOTE: These photos serve the purpose of showing ghosting/crosstalking at various parts of the screen (Top, Middle, Bottom) for the VG248QE monitor, in comparision to my recently reviewed pics of my XL2411Z. [*SPOILER ALERT:* It's much better than my Xl2411Z]
Here is the VG248QE at the TOP of the screen.
http://imgur.com/TUZT440,3UNuhAZ#1
http://imgur.com/TUZT440,3UNuhAZ#0
Here is the VG248QE at the MIDDLE of the screen.
http://imgur.com/uag0QWC,TLNtfJO#1
http://imgur.com/uag0QWC,TLNtfJO#0
Finally, here is the VG248QE at the BOTTOM of the screen. A little bit of crosstalking/overdrive effects can be seen, but not much.
http://imgur.com/n1PbzI0
Overall, the crosstalking in my mind is MUCH BETTER than the XL2411Z; however, the colors are still abit washed out and tinted, but not as bad as I last recalled. Gaming with the VG248QE is much less distracting, and I can't even see any sort of crosstalking/ghosting while playing BF4, TF2, BLOPS 2, or Titanfall (WHICH FINALLY HAS UNLOCKED FPS UP TO 144 FPS. It caps at whatever your Refresh rate is, which I LOVE!! Now all they need is some SLI/Crossfire profiles!!).
I hope that this whole review and comparative analysis has been of great help and use so far!!

ORIGINAL POST:
Hello there.
Here is a review on my Benq Xl2411Z V2 Firmware monitor that I got directly from BENQ a few days ago.
POSITIVES:
+ I don't see much crosstalk at all thanks to the V2 firmware and the Strobe Utility provided by Marc (albeit, there is still a tiny bit on the top and bottom of the screen, but not noticable at all).
+ The Blur Reduction works well (with a quirk though, explained in the Negatives), while keeping much better colors than the ASUS VG248QE Lightboost setting, which I've previously used in the past. Also the picture, while still dim, was quite brighter for me with my Benq Utility strobe settings than the VG248QE's 10% Lightboost.
+ Blur Reduction works optimally from 75Hz - 144Hz (technically down to 60Hz, although not recommended since it flickers like nobody's business).
NEGATIVES:
- There appears to be quite abit of ghosting/trailing image effect that happens with or without the Blur Reduction turned on (although, Blur Reduction turned on amplifies the effect since there is no motion blur to hide it). Benq's AMA Overdrive can amplify the effect as well. In TF2 for instance, vertical props like Spawn Healing Stations and Written texts on walls leave a noticeable trail in the direction that I'm strafing or moving my mouse. If I'm strafing to the left, the Plus Sign and Ammo sign on the Healing station will Ghost a trail to the left. The VG248QE's Lightboost did not have this issue at all, especially in TF2 and the TestUFO's various motion tests.
- VGA Input for this monitor (Not really a negative, but in this day and age for a gaming monitor, I would have preferred a DisplayPort input or simply just DVI and HDMI altogether, since from my reading less inputs means less input lag). Correct me if I'm wrong on the input lag claim please.
CONCLUDING ANALYSIS:
Note that I didn't put down the monitor being a TN Panel as a negative, or not having great color reproduction as a negative because these are to be expected from a gaming monitor today. These qualities are necessary ATM to have the best gaming monitor with Blur Reduction/Lightboost/ULMB (Until the PG278Q is released, which uses a TN Panel too, although is claimed to be of "High Quality" Panel).
Now, Benq does seem to have the best color reproduction with Blur Reduction enabled, while maintaining very low input lag (unlike the EZIO FG2421 Turbo 240 Monitor that seems to add a tad bit of lag from what I've read). The colors and brightness levels are certainly much better than the VG248QE's purple tinted color with Lightboost on, which is a BIG PLUS for me. Also, I dig that there is little crosstalk thanks to the V2 Firmware (along with the VT1502 Tweak); the pics of the horrible crosstalk from the V1 Firmware look quite horrible.
What I don't dig is the distracting ghosting/trailing effect that I've already mentioned. It could very well be the panel that is used in the Xl2411Z or the Internals of the monitor. Regardless, it is distracting for me to see nonetheless, and abit discouraging since my previous VG248QE Monitor didn't suffer from basically any sort of ghosting effect, Lightboost or not. Here are the pics of what I'm describing. The motion pics were taken through the middle of the screen (not the top nor bottom to minimize the crosstalk effect).
First, my Benq Utility Settings, along with the Xl2411Z Service Menu to confirm that it is V2 Firmware:
http://imgur.com/jhfqm1L
Next, the Alien Invasion Test:
http://imgur.com/tUyzhKd (No AMA Overdrive applied)
http://imgur.com/8PmITEb ("High" AMA Overdrive Applied)
Finally, the Ghosting/Pursuit Camera test:
http://imgur.com/SPFwLQW (No AMA Overdrive applied)
http://imgur.com/SL9H6UC ("High" AMA Overdrive applied)
This is a pic provided by Marc in his "Xl2720Z Owners ROLE CALL - Possible Strobe Issue workaround" Forum, where he shows the effects of the VT1350 Tweak, before he released the Benq Utility. Notice how there appears to be no ghosting in the middle of the screen, and ghosting slowly comes back towards the bottom. I was hoping to atleast have a similar effect, especially after doing the 1502VT Tweak, in addition to the Benq Utility:
http://www.blurbusters.com/wp-content/u ... al1350.jpg
I couldn't do game pics of the effect, as it is very difficult to capture with my Galaxy S3 Phone, but my S3 did do a fine job getting the UFO Pics by chasing them. But the effects were quite noticable ingame.
Overall, the monitor is quite great, especially for gaming, and maintaining colors with Blur Reduction. I just wished that the ghosting wasn't too noticable. If there are others that can post pics or chime in about their own Xl2411Z, XL2420Z, or Xl2720Z monitors with V2 Firmware and its ghosting effects, that would be awesome!
Oh, and one more thing: I mentioned a few times that I did the VT1502 Tweak (Thanks masterotaku!!), I also did the VT1350 Tweak from Marc, but made no difference in regards to the ghosting.