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I have 3 Dell U2412M 24" monitors vertically oriented. They get the job done.
One important thing to note, which was mentioned in several other articles referenced on HN over the last couple weeks - the Seiki monitor (TV) only does 30Hz at max resolution. While I haven't personally tried this, I have heard others say this is completely unacceptable and I believe them. So just beware of the limitations of that model.