Export: On Amazon.co.uk there's a 32" 1080p TV made by Samsung that costs £260. For £90 less you can get a 24" 1080p monitor, also made by Samsung. The TV would be useful because I could also use my Xbox 360 on it and combined with the larger size, the £90 difference doesn't seem like such a problem. But are there problems with using HDTVs as monitors? Are the refresh rates and response times typically lower, for example?
Refresh rate is mostly irrelevant for LCD (unless you want to use Nvidia 3D glasses), the main issues is that the TV will have a rather low resolution when compared with a monitor of the same size (1920x1080 for a 32" TV vs 2560x1600 for a 30" LCD) as a result you will have a big screen but with the resolution and screen estate of a 22", but the biggest issues is that both are tweak for completely different purposes, a TV is set to have movies looks good so it might take some serious tweaking for texts to looks good and working on it not killing your eyes.
Also you can plug xbox or PS3 on most PC monitors either with a HDMI->DIV or directly in HDMI if you monitor supports it.