yeah definately get that.
and now to explain the specs
1. the response time is how much time it takes the monitor to take the signal and turn it into a pretty picture you can see.
2. contrast ratio is explained clearly here - http://en.wikipedia.org/wiki/Contrast_ratio
3. vga=regular monitor cable
dvi=digital monitor cable
component=1080i hd signal
s-video= used for some video devices