Thank You guys, this has been most helpful
I can see what you mean about resolution being important but not the only factor of HD viewing.
And what you said MAK213 makes a lot of sense, They are almost bridging on false advertisement, because by definition the monitor is NOT "HD Ready".
So now i have to judge whether it would be worth investing in a screen with a HDMI or DVI connector.
I watched a HD film on my computer by borrowing a external Blu Ray Drive off my brother and i was impressed with the picture quality from my monitor although it was marginally worse than on a HD TV.
I think i'll probably stick with my monitor for now as it is capable of playing "HD FIlms" although not quite in the intended quality they were made for. I can always buy a HDMI cable for my HDTV.
I appreciate all you input guys.