IMHO, in terms of MAME or any other 15kHz gaming application, LCD's are still not close to matching the picture quality of a CRT. 15kHz CRT's also have no input lag, unlike any LCD. Most people aren't as picky as I am about those things though.
LCD's have a few things going for them:
-Common availability of new models. Although I would available that good, used standard def CRT TV's are readily available in most places, and cheaper too. See Craigslist in the US. 4:3 LCD's are harder to find too.
-Compatibility with any modern hardware. To use a 15kHz CRT with a PC, you need Windows XP or 7, and a CRT_Emudriver-compatible graphics card. LCD's will work with just about anything these days.
-Simplicity. There is no argument on this one. The final product can be just as simple to use, but making use of the potential of a CRT takes a lot of research and setup time to get to that point. Using an LCD's takes very little. All you have to do is get a good one with low input lag, and configure a handful of MAME settings to minimize lag on that end.
To anyone getting an LCD, at least be educated on input lag, and get a monitor which is actually suitable for gaming.
http://www.displaylag.com/what-is-input-lag-the-breakdown/http://www.displaylag.com/display-database/