Its alright. found my answers already.
its definitely edge-lit.
As for local-dimming, it only applies to full array LED monitors
and as of now, its EXTREMELY expensive or not yet in the market, as
far as i know.
Resources
Local dimming -->
http://hardforum.com/showthread.php?t=1491775
Edge lit, full array, etc -->
http://reviews.cnet.com/2719-7610_7-200-1.html?tag=page;page