It will but it is a total waste of money for the following reasons
1.) It has really obvious overshoot ghosting issues (read about overshoot ghosting here)
2.) many console games have built in motion blur which will increase the motion blur and overshoot ghosting
3.) It has really high input lag unless the Game Mode is used @2560x1600 (16:10) and console games use 16:9 resolutions which the Dell has to scale. Scaling further increases the input lag
4.) The Game Mode uses the wrong color gamut for consoles so colors will not be displayed properly, instead they will be quite over saturated & inaccurate.
5.) Large black bars will appear at the top & bottom of the screen when displaying 16:9 content
6.) there are 200$ monitors with better image quality for consoles vs. the Dell 3014
You are better off spending half as much on a far superior 2560x1440 monitor like the ViewSonic VP2770 or a 32" TV such as the Series 5/6 Samsung's. The PS3 forces 1280x720 resolution most games, since 1280x720 is half of 2560x1440 the monitor performs pixel doubling instead of having to scale the res so no extra input lag will be added. It's best to set the 360 to 720p for the same reasons.Edited by MenacingTuba - 7/23/13 at 11:41pm