Luckily, this is a pretty issue to fix. It does require a little bit of knowledge in terms go how to use the terminal in OS X, but nothing uber complex. I found an excellent write up on how to fix the issue over at ireckon.net that is both descriptive yet concise. I followed the directions as a test, on a spare MacBook Air, and it worked fine. The difference in contrast and clarity is amazing. Of course, the easiest way to solve this is to just use Apple's Cinema (Thunderbolt) Displays. Whenever this monitor finally bites the dust, I'll be sure to upgrade to the newest Apple Cinema Display.