yes 1080 can be on pretty much any display from 7" up to 80"
that is a good tn panel with low response time
here is an ips with 5ms response and is 23"
http://pcpartpicker.com/part/asus-monitor-vs239hp
i prefer ips because the picture is so much better i have 2 ips and 1 tn, i use the tn for online fps games and my ips's for everything else but im getting ready to sell it because the difference in input lag is noticeable but not that bad at all and i prefer the picture quality of the ips monitors