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From what I heard there were two main restrictions with regards to LCD.
(I) they have an "ideal" resolution. Even though you can change it to other resolution, I think the nature of LCD screens means that it was designed with one resolution in mind - the screen itself is x pixels wide and y pixels high.
(II) The older & cheaper models do not have redraw fast enough for games, especially action games. Try moving the mouse cursor around on a LCD screen and you may notice a "trail". Supposingly, the newer & higher end LCD screens redraw faster so that may have solved the problem. I haven't seen them myself so someone else will need to validate that.
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