It's hard to get a picture as it's quite slight. It seems like a ground fault as it is ever so slightly wavy with herringbone effect on whites/bright areas.
The Xbox only has a two pin power lead so no ground there. It is meant to be grounded through the JPAC but that doesn't seem to be working.
I thought it may be the monitor frame ground, as my Hantarex UPS250 supply doesn't have a FG connector for the monitor, but if the PC with AVGA looks okay and so does the single Jamma board I have, I guess that rules that out.
Any ideas? Can I ground an Xbox? Would powering the Xbox from a different socket make a difference? (I'm UK based)