You can grab Vizio 32" 1080i HDTV's for very affordable prices! I use mine for my PS3, 360, and Wii, and I may use it as a monitor temporarily once I setup my new system. It has all the connections you need (2 HDMI, 2 Component, S-video, DVI, VGA) and is very good quality! I got mine for about $550. It's about the best deal you will find and is the same price or close to most 26" TV's.
I think Walmart was having a special on these recently so you may want to look into it!