Is the ASUS VX229H right for my needs?

I'm building a computer, mostly for gaming, but also for web browsing, microsoft office, email, etc. I want an IPS display because I realize that the colors are more accurate and has much better viewing angles. However, they are worse for gaming than TN displays because they are slower. The games I will mostly be playing will be Skyrim and Minecraft. Do you think this display is good enough for my needs? If not, what would be a better choice? Also, for gaming is it worth getting a 120hz monitor, or no?

Yes, in gaming it is worth to have a 120 refresh rate monitor. And also, this seems like a good gaming computer, decent resolution, good size… But keep looking and comparing models. Look up good gaming monitors, check out cnet. Don't just look at one monitor, and decide on that. You have to look around in the community and see what other people say. And then come back with at least three different models, and ask people what they think is the best…