This is the cheapest and highest rated 1080p HD (1920*1080) monitor.
You can buy a 3quid HDMI to DVI adaptor and plug in your console.
I bought this in preparation for setting up a cheap 3*eyefinity set. I replaced my decent samsung 223bw syncmaster. Although the screen's an inch shorter, the benq is a cm wider, it's colours are more vibrant, the resolution is higher, the bezzles are half the size and the screen is much brighter.
The only minor, (maybe because i have the brightness on max) is the edges remain faintly lit. The only time you'll notice is on a blank screen saver.