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nordlead said:
size of screen, and sitting distance need to be considered when deciding on if you need 1080p over 720p, however, I don't know the specifics. You will probably have to be sitting right in front of the monitor (as if sitting at a desk) for it to have a noticeable difference.

Can you buy both and return one after comparing them? I would do this if it is an option.

Without the ability to compare, I would go with the 26" 720p tv, as the extra 2" is nice, and it will have built in speakers (does the monitor have built in speakers). Also, it is debatable if you would notice the difference with the extra resolution.

Yes the 24" Monitor has speakers, but I have a 5.1 desktop speaker setup that I am going to use.