Thats the same thing thats been happening to my monitor (a 21" Studio Display monster). It just got sicker and sicker, to the point it just turned black and wouldn't turn on at all. My repair shop said it was more likely my computer, so i brought that in. My G3 ended up being sick, actually declared dead, and so I had to buy a new one (I got a G5) got that set up and my monitor turned on again just fine, but then started flickering again, then and now doesn't even turn on. It tries, and is popping, but stays black.
I finally turned here and saw your post. I also saw the posts for horizontal squeeze which seem like the same problem, and woof! It seems like these 21" displays are all going at the same time. So I'm wondering, too. Time for a new one? Tough to kiss 1500 bucks good bye.