Hmm, I got the SynchMaster 192N (I think the same model different naming), and all is well with my fonts. Perhaps you have the TFT fontSmoothing enabled and set to the wrong RGB order. Also go into display properties and see if you have large or small fonts selected.
What IS the problem? Too small? Too blurry? Too ugly? Too big?
I really like the Syncmasters, gf got a 17" one downstairs, I gotta el-cheapo not-heard-of-brand 18" up here in the attic, at the moment 1280x1024.
It's pretty normal in operating in higher resolutions that a whole lot of websites have their main texts in a fontsize that sorta looks like a bunch of ants, and you have to ctrl-+ in ff to get them legible. A lot of web people apparently still design primarily for 800x600, including one big 'webmasters forum' other than this one (which has a great font size). If this forum is still illegibile for you, you probably do have problems.
For example: the fonts within the drop down men (File, Edit, View etc..) are bery blury and hard to read: size and color are not a problem.
There does seem to be an alias effect on the fonts; however I browsed all for the options without success.
I have a 912n and a 191t and neither of them work well for resolutions above 1024. So I switched to a regular monitor, 957mb - it takes up more room and doesn't look nearly as cool as an LCD but at least it's clear. The samsung LCDs are good at 1024.
It also seems that a lot of TFT screens are 'happier' at certain resolutions - some resolutions which are available won't produce such sharp results.
Could it be a 120 DPI monitor?
The manual might say, but an easy way to test is to open Firefox, go to Fonts & Colors option in the Options screen, and select "Other" from the DPI menu. It'll pop up a little line that you measure with a ruler, which tells you what the DPI of your display is when you click OK.
If it is a 120 DPI display, go into Display Properties, then Advanced, and you can pick the DPI setting on the General tab.
I have a Samsung 910T which seems to share the same specs as yours. I find this LCD amazing in contrast, clarity, and color.
I can tell you my settings using an ATI based graphics adapter. I'm running it at 1280x1024 resolution @32 bit color. Under settings tab>>advanced (button) I am running the normal 96DPI fonts at 75 mhz refresh rate and all OpenGL and Direct3D are set to quality (although this shouldn't affect fonts at all).
If you go to Control Panel>>Display>>Appearance(tab)>> effects (button) I have ClearType "enabled" and transition effects are not enabled.
Edited: Just shut off ClearType font smoothing and the small fonts looked horrible. Make sure you enable it under Control Panel>>Display>>Appearance(tab) and that will probably solve your problem.