The monitor has a Coax input on the back for the TV, so it will operated just like a TV when set to the the Tuner.
I am not sure why the input list on Frys mentions SCART since SCART is a European connector, it may be a typo.
Here is the back panel of the US model,
as well as a link to Newegg so you can see the model,
http://www.newegg.com/Product/Produc...82E16824005144
It is kinda pricey if you aren't looking for a TV since a 27" computer monitor can be bought for $50 more (just a little more for you since you live in CA and pay tax),
http://www.newegg.com/Product/Produc...pk=planar%2027
My brother bought this 27" last week and it is a very nice monitor.