Mike, CNC is very much a case of, how big is your cheque book?
If you want cutting edge, you need to check out the Japanese 5 axis machines.
Here's a couple of Daishin Seiki's videos.
This one shows how intricate they can do, but the machining speed is pretty slow due to it being titanium-
This helmet video shows faster machining as they're starting with an aluminium billet, although the speed has to slow down for the smaller tools -
I've actually got a 3040 machine, and I was pleasantly surprised by how accurate the basic machine is. The biggest two issues I found with it, are the thrust bearings used to support and control the ballscrew endfloat are utter rubbish, and the motor to ball screw couplers are a pretty rubbish design (they're prone to failure, aswell as being a bit springy under load).
I replaced the thrust bearings, which are just standard radial ball bearings with good quality ones, and it made a major improvement to the machine. I've done nothing about replacing the couplers, as I'm only using mine as a CMM/probing machine, so load is minimal, plus I fitted glass scales to make it closed loop so any play in the couplers/ballscrew doesn't affect the probe trigger point.