Concerning the monitor. Not sure on black levels, I have heard people talk about that. I can't say blacks look like shit on mine or something along those lines. However the color difference is amazing IMO. 120 Hz is a iffy one. Some people notice the difference and others don't. Keep in mind you will have to have both high minimum frame rate not just a good avg in order to notice the difference. This means you will be turning down the settings depending on the game in order to have the actual high FPS (100+) to take advantage of the refresh rate. Other then gaming it won't have any impact on anything else.
Sound I always have a dedicated sound card. Do you have one right now? You maybe better off just trying the onboard and if it isn't to your liking just getting a one after.
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