Yes, this is true. The Acer G24 LCD monitor actually supports up to 50,000:1 contrast ratio, thanks to Acer's Adaptive Contrast Management that offers an "outstanding improvement in gradation and detail, especially with dim or bright images." Going by the looks, it seems Acer has designed this display to go with its Predator gaming rig. And yes, the design is decent enough with a vibrant color scheme that'll complement your gaming beast.

As far as technical specification is concerned, you get a good deal. The G24 provides aspect ratio of 16:10, a maximum resolution of 1920 x 1200 (support for full 1080p playback), faster 2ms grey-to-grey response time, 400cd/m2 brightness, 176 degrees viewing angle, and digital HDMI port with HDCP support.

More info on Acer Adaptive Contrast Management (ACM)

Adaptive Contrast Management (ACM) dynamically adjusts the contrast ratio of the input image to achieve ultra-sharp images. Every scene is analyzed to adjust images frame by frame and enhance colour quality, achieving the whitest whites and the deepest blacks. Acer Adaptive Contrast Management allows your LCD monitor to use less power and save energy. Acer G24 supports a contrast ratio up to 50000:1.

No word on pricing and availability.

[Press Release, Via Aving]