one cannot say 'analog's are off' or 'digitals are accurate'. racing of almost any kind (that relies on tires) lives and dies by tire pressure, and the vast majority of them use analog. that said, its because they can be accurate and reliable - no batteries or 'sensor' in the electronic sense.
motorcycle consumer news did an article on tire pressure gauges a while back and came up with some rather interesting conclusions. 1) the 'pencil' style gauges, even the cheap ones you pick up off the parts counters at FLAPS, are actually pretty accurate and consistent. 2) there is a ~$15 digital gauge from radio shack that is excellent, 3) with ANY gauge device, you should check it against a 'known good' standard on a regular basis to ensure it remains at least consistent. 4) accuracy and consistency are two very different things, and really, consistency is the more important criteria.
all that said, i used the radio shack digital until their batteries died - the 2 i had were both accurate and consistent, although fragile. i have since switched to an analog gauge -
http://www.amazon.com/gp/product/B000VZ9CL2/?tag=atomicindus08-20. i've bought a half dozen of them and tested them all against a calibrated/certified test stand and all are within 1/2 pound of accurate and consistent across 10 readings. @ $20/ea, they are a bargain for a quality chucked, accurate and consistent gauge IMO.
ahm