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IPS is the latest special kind of LCD that offers better contrast, viewing angle and richer color than normal LCD. So saying that Revolution has TFT LCD is not incorrect technically though somewhat vague. Below is a paragraph from Wikipedia about it.

"In-plane switching is an LCD technology which aligns the liquid crystal cells in a horizontal direction. In this method, the electrical field is applied through each end of the crystal, but this requires two transistors for each pixel instead of the single transistor needed for a standard thin-film transistor (TFT) display. Before LG Enhanced IPS was introduced in 2009, the additional transistors resulted in blocking more transmission area, thus requiring a brighter backlight, which consumed more power, and made this type of display less desirable for notebook computers. This newer, lower power technology can be found in the Apple iMac, iPad, and iPhone 4, as well as several Hewlett-Packard EliteBook mobile workstations. "

IPS - In-Plane Switching LCD Monitors - PCTechGuide.Com
 
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