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Hmm...with the animated skyboxes I see in q3, there's always been color banding for me, even before I used an LCD and had nice CRTs. The skyboxes in UrT haven't really popped out for me and don't look very detailed, so I'm guessing they're low color as well if the engine supports higher than 16.
umm, some of the skyboxes look amazing imho, look at uptowns skybox for instance, and there is a few others that look pretty good too, i think your setup must be flawed, are you in 16 bit texture/graphics mode or 32?