no, lcd isn't that great for color accuracy. I can give you a run down on monitors right quick, as I already did it for a friend, and apples displays aren't the best for color accuracy or the price, so :
note, this list is compiled from my experience and professional use of myself and/or friends. if there are questions, I'll try to answer what I can.
LCD Displays - Highest Quality
Eizo ColorEdge Displays - The ColorEdge series are simply the best displays made. Anyone who says LCDs aren't as good at CRT displays for mission critical color work hasn't worked with a ColorEdge. These displays are consistent edge to edge, have a large viewing angle, comes with a hood and a 10 bit internal look up table for superior calibration and gradations.
http://www.eizo.com/products/graphics/index.asp
NEC 2180UX/LaCie 321 - This display is also top notch. NEC's 1280UX is also sold under the LaCie name for the same price (~$1500). Like Eizo, it comes with a hood and has a 10 bit internal look up table.
http://www.necmitsubishi.com/produc...t=325&ClassificationFamily=1&Classification=1
http://www.lacie.com/products/product.htm?pid=10503
LCD Displays - Best Value
Samsung's SyncMaster and LaCie Photon displays are very high quality at an affordable price (21" 1600x1200 for ~$900). I find these displays to be the best fit for most users.
http://product.samsung.com/cgi-bin/...s+and+Related/Monitor/LCD+-+Digital&pageNum=2
http://www.lacie.com/products/range.htm?id=10016
LCD Displays - Inexpensive
BenQ - Most inexpensive LCD's are horrible to work with for demanding color-critical users but BenQ displays are impressive for their price range. Their viewing angle isn't a wide as the others mentioned above but the gamut, consistency and overall quality is noteworthy.
http://www.benq.us/Products/LCD/
LCD brands to avoid
Apple, Dell , HP, Viewsonic. I feel that I have to say this: Apple's displays look cool but they have a exceptionally high amount of inconsistency across the screen and darkening towards the edges. I have many clients that do excellent work on them but in comparison to the lesser priced "best value" options listed about I can't feel good about recommending Apple's displays. Dell, HP and ViewSonic displays can be hit or miss.
CRT Displays - Highest Quality
Sony Artisan and Barco Reference Calibrator. Artisan's and Calibrators are fun and trustworthy workhorses for mission critical color work but I have to urge you to do a side by side comparison with an Eizo ColorEdge before spending the money on one of these. Artisan's are no longer made but Barco continues to assemble Calibrators in Belgium.
http://displaysbysony.com/display/model.jsp?pCode=Artisan&pModelId=577 http://www.barco.com/prepress/
CRT Displays - Best Value
LaCie Electron Blue 4 - The dark blue LaCie displays are repackaged Mitsubishi displays with a matching hood. Mitsubishi stopped all CRT production last year but you can still find these in stores. LaCie is pushing their excellent new 321 LCD with is a repackaged NEC 2180UX.
http://www.lacie.com/products/range.htm?id=10041
Credit: Scott Martin