1) How can I find out if the Apple Cinema 20" Display has "a properly formatted VESA E-EDID specifically naming 1680x1050?"
You really can't w/o trying it. Make sure wherever you get it and an acceptable return policy.
2.Regarding the "Lots of very fine LCD's available that cost less than an ACD." Do you know which, if any, have been praised as working well with Photoshop or similar image enhancement programs?
I'm sure you could find "praise" - whatever that's worth - for many, if not most, possibly even all of them - at least the brand name ones. Again:
find a source with a decent return policy.
I'd insist on one that (a) was 22", (b) supported DDC/CI, and (c) claimed a sub-10ms response time. The HP 2207, Gateway 2275, Samsung 226B, LG 226, Dell 228, Benq 222 would all be candidates on my list, esp. since in my neck of the woods I could buy any *two* of these for the price of one smaller 20" Apple ACD. :)