When you say "good", it would help if you referred to good for what exactly. What a photographer and a gamer might find appropriate are two different things.
Objectively, the screen is excellent. It features mini-LED backlighting for 1,000,000:1 contrast ratio and a peak brightness up to 1,600 nits in the HDR mode. It also has a resolution of 3456 x 2234 (which is 'retina' quality, as Apple likes to say). There's also 120hz refresh rate (Pro Motion).
Furthermore, DCI-P3 is at 99% accuracy. It also has over 90% Adobe RGB, but keep in mind that this can alter from panel to panel, and that Apple doesn't market or push for this since there are panels out there with even higher A-RGB values.
So what does this all mean? On paper it's one of the most well-rounded laptop screens you can get. It has enough accuracy for the overwhelming majority of content creators and a refresh rate to suit video editors well. 'Blooming' isn't an issue provided you use the brightness sensibly.
A full technical analysis can be found here:
After looking at the performance of Apple's M1 Pro SoC powering the new MacBook Pro 16, there's another unique component in this laptop that's worth looking into,...
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