I decided to skip the boring and last century technology of baby monitors and go to proper IP network video camera.
The one I selected for my trials is this one - which supported WiFi, IR Night mode, PTZ and
http://www.amazon.com/gp/product/B00I9M4HBO/ref=oh_aui_search_detailpage?ie=UTF8&psc=1
Specs looks alright and plenty of firmware updates and 3rd party software available I decided to give it go.
Edit:
looking back, I recently heard about this site. In the essence it's direct purchase from China. Pay less for product, more for shipping and (?) for import taxes. I probably going to order next one from there.
http://www.lightinthebox.com/c/ip-cameras_5181
Almost 500 cameras to choose from. Just saying and the main focus of the store is clothes.... just saying. the selection is very impressive.
So far two issues: One camera came with ancient firmware. Updating it is pretty tedious process - every update must be gone gradually - one step at the time. tl;dr; - major pain in the rear.
and second - official android apps sucks a$$. Luckily I found this gem:
http://tinycammonitor.com/
With support for Google Play, amazon (including FireTV and stick), Blackberry and Samsung markets
For IOS folks where is this app:
http://ipbabymonitor.com/
I would be curios to know what other folks using to view cameras, DVR etc..