Would an IPS panel be my best bet if I wanted to use a wide screen monitor for my 360 and if yes then what is a good ips panel for under 500 usd? the bigger the better
No reason to pay the IPS premium if you're looking for an xbox monitor. PVA or even TN should be fine. But for $500 you'll not be able to go above 22".
If xbox will be the primary use, you're better off just buying a 30" or 32" HDTV instead.
I was interested and debating wether or not to get a 27 inch hdtv but I do want to use whatever I get as a pc monitor also with the 360 being the main use. I'd end up watching a lot of movies/anime with it too. I've never had an lcd befor and i'm even wondering if TN is as bad as some people make it seem. If I could get away with spending only 350 or so then I could also upgrade my video card to go with the new monitor since my current card is only a 9800SE ati