I connected an Xbox360 to the monitor via Component and via VGA. What I found is that via Component the Xbox360 looks amazing. The problems that the 2407WFP exhibited with it's Component connection do not exist with the 2707WFP. The colors were well saturated and vivid while the blacks were deep with very good contrast. At default levels the image looked a bit TO sharp but after lowering the Sharpness level to about 50 (default is 70) the image was very satisfying. The maximum resolution via Component was 1080i. Via VGA I found that the Xbox360 looked very good but the colors are again washed out. This is not a problem with the monitor... it's more a problem with the way the Xbox360 handles a VGA signal. I didn't bother to try and tweak the monitor settings improve the image. The VGA results are similar to what the 2407WFP was capable of. The maximum resolution via VGA was 1920X1080.
If anyone has any questions or comments let me know.