This is something we'd thought would happen eventually, but not this soon. eCinema Systems announced that they've developed an LCD that surpasses CRT display quality, and is planning to launch it it by Q4 of this year.
The previous shortcoming of LCD monitors was that they couldn't support deep blacks and real dark colors compared to CRT monitors. To solve this problem, the new technology supports "deep color"—compatible with the HDMI 1.3 spec we talked about yesterday—and can go up to 48-bit colors. That's the point at which humans can't distinguish onscreen color artifacts.