High dynamic range video cards?

Is there any video display solution in the PC/Mac world that provides more than 16.7 million colors? Some system with higher dynamic range, ala the Octane2 or Pixar Image Computer? It seems strange to me that "truecolor" display systems with 24 bits of information per pixel have been available on desktop machines for nearly a decade, but that nobody seems to have gone above this, at least when it comes to commodity hardware. I can often see color banding in images even at 24 bits, and it seems that with more software supporting >24 bit images nowadays, and hardware cheap, someone might do 16 bits per channel in hardware. Are there internal OS issues that prevent this? Do monitors just have an insufficient dynamic range to make this worthwhile? Or do such cards exist, and I just haven't been able to find them?

Even better than the real thing.