Not everyone feels that way Mike. I for sure don't. For many, so-called "professional" or "broadcast" monitors are overkill. See my setup tutorial for further details.

Two main issues:

Color Space
The simple fact is your typical computer monitor operates in a different color space than the NTSC standard for televisions. So if your project will be viewed on a TV, such as playing back a DVD then you want to be sure when adjusting levels/colors you view in that color space while making adjustments, not the color space your computer monitor is probably operating in. If you live in PAL land that alters things a bit in another direction.

Resolution
Way too much has been made over the relative importance of higher resolution when color correcting. The bottom line is it has absolutely NOTHING to due with adjusting levels or hue. Obviously viewing something on a higher resolution device can make the job easier. That does not, nor should it imply you will get "better" results simply because you're doing the correction on a device using higher resolution.

Things are changing. You can get very good LCD or Plasma monitor/televisions that offer sufficiently high resolution that as long as they can receive a NTSC signal, you use digital, component or in some cases perhaps get by with S video input, these can rival any so-called professional monitor and work well for many. Again what you need, veres what you may think you need enters into the subjective realm.

I actually have one of the Dell W1900 - widescreen HDTV/LCD. It is very bright.

It supports a ton of inputs. I use DVI to it from Vegas, I use my Pryo via S-Video to it from DVDA. I feed my HD tuner to it for fun. Even has PIP to show two at once.

So far pretty happy with it.

There are still color issues on it VS a tube, but more and more stuff is going LCD so it doesn't hurt to check out the material on it.

Orcatech: So on the monitor you have, how does the picture compare from broadcast HD to HDV played from within Vegas?

BillyBoy: A link to YOUR set-up please. How do I set Vegas to the NTSC color space for color correcting if I go with an NTSC monitor?

Mike

Color space (kind of a goofy term) is inherent to whatever device you're talking about. In other words your computer monitor has its color space, your color printer another, your scanner another and your external monitor/tv still another. There is nothing to tell Vegas. If you output a digital signal through a firewire card then a device that's capable of converting from digital to analog then connect it to a monitor/TV, that device's color space determines what range of hues you'll see. That's why the topic keeps coming up. To properly color correct you need to view off a device that's in the same color space as your finished project will be viewed in, otherwise results will be disappointing, sometimes awful even.