Well, first of all many people are feeling this animosity towards HDCP, I know I am. It doesn't allow me to use my ps3 on my non-hdcp monitor. It is possible to bypass HDCP, and its been done. However its expensive, more so than even buying a new monitor.
On the Monitors: There is not usually a better monitor in = price ranges. You just have to know what you're looking for through all the variales. In an LCD monitor your going to want the high contrast ratio, 1080p (Higher Resolution), Viewing angles (depending on how it will be used), pixel count, low response time, etc. Just filter through these variables and figure out things like, rather have viewing angle or resolution and things like that. Make your own decision on what fits you.
I personally think Samsung makes a good monitor, expensive though. The other monitor will give you more bang for your buck.
Hope that helps, Good luck.