Response time is way less important than input lag. So 2 and 5ms is OK.
What time of screen do you plan to get?
In general, TN panels are fastest, but with large screens, >23 inch, IPS seems to be the faster type. If you want to mount vertical, definitely go for IPS, as viewing angles are horrible with TN screens on their side.
Check these sites for measurements of lag:
http://www.prad.de/en/monitore/reviews.htmlhttp://www.digitalversus.com/duels.php?ty=6One of the nicest game LCD's at the moment are the HP LP2065 and the LG W2600HP. They are fast, great viewing angles and can be mount vertical without problems.
If you want to hook a lot of consoles, check the Dell U2410 too, although the W2600 can handle HDMI->DVI from a 360 too.
The sites above also show the real world effect of normal response time figures and possible drag with pictures.