Likewise I have same issue with 30" ACD on a Mac Pro Dual Core not waking. When your monitor is on, change your System Prefs to the following:
Energy Saver Prefs: - "Allow power button to put computer to sleep" is checked.
- 'Computer sleep' and 'Display sleep' sliders set to Never
Displays Prefs: - Options Tab: Display Power Button: "Turns the display on and off"
(Do not set "Puts computer to sleep or wakes it", you will not get display on).
Put the Mac to sleep hitting the Macs power button, then hit again to wake, as it is waking, I continually tap the display power button every 1/2 sec, toggling on and off until monitor comes on. Again this usually works, but not always. Warning, I accidentally set the "Puts computer to sleep or wakes it" on Displays Prefs, and locked myself out. Luckily I was able to hold Mac power button down to restart, then did a share screen from my MacBook to the Pro and was able to change Displays Prefs back to "Turns the display on and off".
Another thing I tried that usually works is shut down, then turn off power strip (which all were connected to) and wait a full minute, turn back on, then start Mac. Display came on. One thing I noticed on share screen, was if 30" ACD was black, so was the shared screen on MacBook, so that tells me graphics card has the issue, not the display itself.
One side note: When I first got the 30" ACD, it was horrendously bright even at lowest brightness setting+. I fixed by running neat little app called ScreenShade v1.3. Icon appears in menu bar. Keys opt +, opt - to make brighter or dimmer.
Hope this helps!