Monitor Review Article Idea

So... not sure if this is the right place to post, but I had an idea. I'm in uni, living in a small flat. I have the budget to buy *either* a new flat panel TV, or a new flat panel monitor. But then I saw a friend of mine using a panel as both a monitor and a TV. So... with this in mind, perhaps someone could do a piece on dual-use displays? Pros/cons, size range, etc?

 

I've often wondered the same (in particular are you getting a poorer display in some way because it's a TV/Monitor combo rather than just a monitor?) so I'd love to see something on the subject.