I just ordered a DELL 2405FWP from dell.ca. (That's Canada, by the way.) The price is pretty good. With taxes and all, it comes up to CAN$1,074.50.
I could have waited for the 2407, but I didn't want to risk seeing it introduced at a brand new price several hundred dollars higher. The lack of HDCP might turn out to be a p.i.t.a. a few years down the road, but I honestly don't think I'll care for quite a while. HD is fun, but I'm getting the screen mostly because I want a bigger work surface. Things like expose and tabbed navigation are helpful, but it doesn't quite match having all the stuff in front of your eyes simultaneously. I want a screen I can trust and I need it now. At the moment, I can't say I trust the 2407. The latest version of the 2405 seems to be pretty much flawless (if you don't care for HDCP), but it had a bunch of issues in the first few revisions. I don't want to wait ten months for Dell to get the 2407 right. I think I'll be happy with the 2405.
Two quick notes on HDCP. It seems a few of the big names recently backed down a bit on the downsampling of HDCP-protected content view on non-HDCP devices, so if your DVI isn't HDCP-compatible, you might be able to get a pretty decent image through other connectors. Also, HDCP's security is inherently flawed, so I think it's safe to expect that there will be hacks around it at some point in time... and I don't think we'll have to wait all that long. Oh! Well... We'll see.
[EDIT: fixed a typo]