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The only thing that really got me with regards to the picture quality is that the LG has a bit of light bleed that makes blacks look slightly grey, however it is currently about 1:30pm and very bright outside so I can't speak for the darkest blacks without this massive glare across my screen potentially influencing my opinion. I'll get back to you guys later today when it gets a bit darker outside (I don't have blackout curtains). Also, the display seems to run at a mostly consistent 60Hz on the internal apps, but the stuttering/blanking effect that comes from the TruMotion 120 feature is pretty noticeable on animated or CGI content, I can't say if this is a huge deal breaker yet as it does remove ghosting and motion blur pretty significantly. I'll have to poke around in the settings some more to see if there's an option to turn it off for an apples to apples comparison with my monoprice.
I tested the monitor with some 4k content from the built in YouTube app (which does support native 4k) and some 1080p content from my Plex server via the Plex app you can download from the LG store. 4k cinema content looks pretty good, albeit a little grainy on the finer details at a reasonable viewing distance but nothing that I would have noticed had I not been looking at the display with a critical eye. Motion is hit or miss depending on the style of content. Cinema motion blends smoothly while animated or CGI content feels jittery (was watching some anime that had a frame rate of 24fps). Will have to try playing a game on it, but I suppose the 60fps my PC can push would be enough to eliminate any jitters. TV has a plethora of picture modes and settings, but I did most of my testing on the "standard" preset.
Speakers on the TV sound alright, nothing to write home about, but they are fairly loud which is nice. TV also has a setting to split audio between built in speakers and audio out (optical or otherwise). The TV itself looks pretty nice, relatively thin bezels but the feet look a tad bit pigeon footed, may or may not be an annoyance. But at least it seems to have VESA mount points on the back and the feet are very easy to remove, so that's a plus. I wish the power port were on the same side as the inputs, for whatever reason they're on opposite sides of the device. And finally, the remote is trash. My god is this remote bad. There's no tactile difference between many key buttons so you will find yourself looking at the remote constantly to get your bearings. Fortunately, the TV supports being controlled via a smartphone using an LG app on Android or iOS and it supports basic chromecast like functionality with the internal apps like YouTube, Plex and Netflix. Oh, and damnit LG, who told you onscreen keyboards were good? They're terrible, get that LG app to type stuff as soon as you have the wifi or ethernet hooked up, you can thank me later.
Overall I think I'm pretty satisfied with my purchase. A few nits here and there but for $400 I can't really complain. I think the display looks pretty good and the features are pretty solid. No real issues with the software... yet. I also don't have a cable sub so I can't speak for how well the enhanced guide feature is, I think they call it Channel+ or something. You will definitely want to use your smartphone or a universal remote as an alternative to the included remote.