ahh, it seams the 2007fpw and the 2407fpw do have HDCP, so you should be able to run the ps3 at 720p with a hdmi-dvi cable or just a standard hdmi cable with a DVI adaptor.
 this might actually cause more problems than its worth though, as i dont know if you will be able to display 1080i minimum for bluray, if thats the case the ps3 will scale it to 480p i belive, so you might not be able to watch bluray at HD on the monitor, just games at 720p.
also, if your not aware, hdmi-dvi doesnt carry sound, hdmi on its own does, but dvi isnt capable, which means you wont have any sound, a way around this is to use the ps3 optical out to your sound system for audio playback, which is how ive rigged it on my 2405fpw.
tried to help as best i could anyway, its a pretty confusing topic really, hopefully somebody can enlighten us both about if the ps3 displays via dvi on the older 20inch and 24 inch dell lcds.
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