I dont watch movies on my PC, and if I do it is some rinky-dink video on YouTube so 1080p or even 720p isnt really needed.
I'm more concerned with game performance and appearance.
I have a 23in monitor that has a 1900X1080 resolution. I'll probably keep the HDMI cable I have running right now, I was considering using the cable for something else but chose to buy another cable.
I think you may want to learn a little about exactly what resolution is. Try reading my AH Graphics Guide. It's a little old but still accurate:
CLICK HERE1080i/p vs. 720i/p is simply how many pixels are in the tv/monitor in each column. In essence, a 1920X1080 monitor is the exact same thing as a 1080p television. Don't worry so much about the difference between i and p.. just keep in mind that p is better and computers use p. I'm not familiar with the new "display port" type of connection I just know that very few monitors even use this yet and I don't feel that it brings any extra picture quality above what DVI/HDMI provides.
As far as picture quality, well DVI (unless it's adapted into a VGA port) and HDMI both use a digital signal and therefore both carry the same exact information - well except that DVI doesn't carry sound and HDMI does. Because of this cable quality isn't such a huge deal and as long as it is capable of passing the digital ones and zeroes to the monitor that's all that matters. In other words, don't spend big bucks on an HDMI cable. Don't fall for the "$100 monster cable" gimmick at your local electronics store. There are plenty of places to get decent HDMI cables for well under $10 especially online.
www.Monoprice.com has a huge selection and many are well under five dollars.