That wont turn the screen off then the computer is idle however.
There is a sync detector on some of the VGA to jamma solutions, if you are using one of those then you may be able to start with that, and get the sync and run it into a timer (make sure its retriggerable) that has a greater then 1/50th of a second time. I would want a few seconds of holdup for when the vga card changes modes.
Anyway, take the output of the timer to a solid state relay thats able to switch the mains supply to the monitor. Job done.
If you don't have a sync detector already, then there are many circuits out there, you may not need one however if you have seperate horizontal and vertical sync signals going to the monitor, just have to watch the idle polarity of them when the PC has gone to powersave mode, I cant remember if they go high or low...