Simply put, the 245BW is more recent but the 244T is better. You'll notice the 244T is more expensive. There is a reason. In addition to many more inputs, USB hub built in, etc., the 244T can pivot 90 degrees to allow a portrait view. It also uses a different type of panel, I believe, that experts seems to agree is better.
Would the average user notice the difference? I'm not sure. I've never seen them side-by-side. I just bought a 244T for $569 at newegg.com. They have the 245BW for $479. I believe for $90 difference, the 244T is probably better. The list prices for the two are much further apart.
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