I recently bought last week a LG Flatron W2253V(rated at 50,000:1 & 2ms). It's a TN PC monitor that support 1920X1080 with HDMI, DVI & VGA Input.
Indeed in my surprise, this monitor do not overscan 720P. It was cool to see a full frame in 720P, but... It looked rather bad in comparison to my
Panasonic in overall picture quality.
I also did some test. I found Wipeou7 youtube video about the XBOX 360 not doing real 1080P output.
I went out to seek if it was true.
I put a grid pic on a USB pen & open the pic with the XBOX 360. Indeed it was showing an upscaled picture, though... I felt that the whole dashboard is actually upscaled.
So I went a bit farther to see if it's actually only feeding upscaled 1080P output. I went & encode a video in WMV with a 1080P grid.
Here the result:
Well it look like it's feeding real 1080P, though it was kind of obvious since there's no actual limitation in the resolution, not really a question of strength.
Here the 1080P video file to do as a test that can also be tested at home.
1:1 pixel mapping 1080P WMV
http://www.megaupload.com/?d=N0HXERYC