Yea. Its the same as if it was hooked up with an HDMI cable. Picture quality all depends on your monitor. Any ultra sharp monitor would be the way to go. It looks awesome on my Dell Ultrasharp monitor, I'd say probably better than my 37" Olevia 537H tv, but not as good as my Sony Bravia 1080p set (obviously, $400 monitor vs. $4000 hdtv). In the end it all comes down to how good the monitor is. Anything, ultrasharp, at least an 800:1 contrast ratio, and at least 300cd/m2 is going to be superb. Most show text better than anything as well. What kind of monitor do you have? I've played 360 on alot of different ones.