Almost. Dot pitch is the DIAGONAL size of the pixel. Pixels are, for our intents and purposes square. That means a monitor will have the same height/width proportions as the proportion of the pixels (i.e. 1024x768 and 1600x1200 screens a 4:3, 1280x1024 is 5:4, 1920x1200 and 1680x1050 are 8:5, or, as a means of comparison to 16:9 HDTV, 16:10). Widescreen monitors are still to "tall" for true letterbox-less HDTV.
Size of a pixel in the horizontal direction is called "stripe" pitch, as it measures the width of individual stripes running down the monitor. Trinitron tubes, where there are no RGB "triads" and no vertical pitch, since the phosphors are painted in stripes had a true stripe pitch which could be extrapolated to a fake dot pitch. Invar shadow mask tubes often quoted "horizontal dot pitch" which, since their pixels were two-dimensional (the triads had height and width), was a lie.
I've always thought that 24" monitors were wider versions of the 20" cousins. So, let's do the math:
20.1" = 510.54mm.
sqrt (1600^2 + 1200^2) = 2000.
510.54 / 2000 = .255mm dot pitch (dot is .255mm diagonally, which means it's .255 / sqrt(2), or .1805mm high and .1805mm wide)
Now for the 24" model:
24" = 609.6 mm
sqrt (1920^2 + 1200^2) = 2264.15 (since pixels are NOT arranged in a diagonal pattern, there doesn't need to be an even number of them across)
609.6 / 2264.15 = .269mm dot pitch (holy crap, it's bigger!)
Checking the math, a 4:3 monitor that's 20.1" diagonally is 3 / sqrt (4^2 + 3^2) * 20.1, or 12.06" high, 4 / 5 * 20.1, or 16.08" wide.
8:5 monitor that's 24" diagonally is 8 / (sqrt 8^2 + 5^2) * 24, or 20.35" wide and 5 / (sqrt 8^2 + 5^2) * 24 or 12.72" high.
12.72" > 12.06. Therefore, a 24" widescreen is taller than a 20" regular. A 24" widescreen is AS TALL AS A 21.3" REGULAR. Therefore, if I upgrade my 2001FP to a 2405FPW, my fonts will grow, but I won't be able to keep the two monitors really side-by-side and have things stay the same size...
Granted, I should have noticed 21.3" and 24" monitors both having the same DPI and dot pitch, but it's late at night, and I'm quite drunk. Despite being Russian, four shots of vodka and other miscellaneous alcohol still do a number on my system. I'm going to bed. Out.