KM Currently I tend to believe all monitors use PWM and that it depends on the frequency if it is detectable or not. I bought the BenQ because it was the very first device that was publicly advertised as being "flicker-free". I recently tried the Dell U2515H, which is supposed to be "flicker-free" (tested, but not advertised), too, and compared it to my BenQ EW2440L.
Are you still using the EW2440L? If so, how is it working for you these days?