Alright here is what I am working with and some idea. I will note I know DVI doesn't carry sound.
I own a BenQ 24 Wide HD, Its better than my TV. I bought a HDMI to DVI cable and when I plug it in the screen looks sexy with my Xbox. My Monitor doesnt have speakers. I got http://www.amazon.com/gp/product/B0018MI5F6/ref=oh_details_o00_s00_i00 this for sound. I figured I could plug it into my PC and use my headset or into some speakers.
Issue with that set up is you can't have both cables pluged in. I saw you can break apart the Xbox cable but I would perfer not to do that. I would rather keep my cables safe.
Can I plug some USB speakers into my Xbox? Anyway to use my PC headset on my xbox? Any other cables I can use to get the sound to my PC or speakers? Cheap headsets?