Find out who makes their panels. Looking at the spec's, it looks like an older design. If they want it for watching the news, comedy, non-hd, etc, sure, why not. For movies, or if they are movie buffs, or have any interest in HD/high quality video, pass.
LCD has come a long way in the last few years, but those older displays have terrible black levels. They do a great dark grey, but the cheapest displays don't get anywhere close to black. Newer displays use all kinds of tricks and do much better, but that looks like a pretty old LCD design. 800:1 contrast on a 26" LCD sucks, and indicates the panel is of a fairly old design.
1999 e46 328i Ti Silver / Black[retired]
2007 e90 335xi Jet Black / Black[retired]
2011 e70 X5 35d Vermillion Red / Cinnamon
2011 e92 M3 LeMans / Fox Red extended