not really , there is no input lag on monitors especially when playing multiplayer games. I dont know if you got a chance to play on monitor and than switch to a HDTV there is a big difference in response rate . Nerd Talk :)
I don't know a lot about newer monitors because I got mine four years ago.
I don't know the model name or anything, but I have an ASUS 27 inch monitor. It's 1080p with speakers built in with two HDMI ports and a VGA port, so you can hook up more things (I have my PC, Xbox, and PS3 on the same monitor).
asus vw246h is what i've been using since spring 2011 and it has been great. http://www.amazon.com/Asus-VW246H-24-Inch-Integrated-Speakers/dp/B001LYWBOM
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