I agree with that. Even a huey is better than adobe gamma.
I agree about the Adobe Gamma. In fact, I don't think it is included with CS4. It depended on your room illumination, your distance from the monitor, your ability to squint just the right amount, the other colors in your visual field, and many other variables.
There is a slippery slope ahead of you in terms of learning about color management and getting some basic hardware and software to help. It really doesn't pay to get a good monitor unless you plan to profile it accurately. Fortunately today there are sources for decent paper profiles for you printer, some free and some custom made, but what you want to do is be able to optimize your pictures on a good monitor, and know that what comes out of the printer will accurately reflect your hard work on the images.
You mentioned a budget of $1500, which would get you the NEC 2690 WUXi2 and the SpectraViewII software with an iOne Display 2 colorimeter. I strongly recommend the video by Michael Reichmann and Jeff Shewe called From Camera To Print, which is available on the Luminous Landscape home page for about $35. It consists of almost 7 hours of well thought out lessons on things you have to know if you want to make the best use of the expensive equipment you already have, or will be using. Their segments on monitor profiling, color management and softproofing are easily understood. If you start out now with learning that material you will save money in the long run by not buying the wrong types of equipment, and you will also develop tried and true ways of working with your images.
I can list several categories of equipment where the original sticker shock made me think that cheaper equipment would do just fine. Tripods are one, for example, and I can show you a lineup of tripods ranging from cheap to not so cheap, but when you add up the prices, they amount to at least as much as my good tripod cost, but they sit in the closet because they do not do the job.
I'll get off the soapbox now. I didn't intend to preach, but...