I made a profile for the Asus mb169+ monitor, that fixes the blown highlights and corrects the colour output. It's made on a Mac, so I'm not sure it works as well, or at all on Windows. But it may be worth a try. If you try it, let me know how it works.
https://dl.dropboxusercontent.com/u/13589645/mb169.zip
Mac thread:
http://displaylink.org/forum/showthread.php?t=64630