LCD vs CRT Monitors

On a weblog that I read (can't remember which one) there was a comment/post saying that CRT monitors are not quite dead yet. The reason they gave was something to do with the colours that would be displayed, or something around that line.

Getting to the point, I recently visited a client site where the "graphic design" department had these beautiful 23" Studio displays. Drool. Now Apple has been the graphic-designers platform of choice for quite sometime now and I'm assuming that most would have a Cinema/Studio display to go with it, so maybe CRT monitors are dead? The only thing going for CRTs these days is the fact that they are much cheaper and probably have a longer lifetime (dead-pixels anyone?).

(This post was inspired by my 17" CRT that went belly-up last week)