Per that Wiki article you cited:
"LAME-encoded MP3 can be gapless with players that support the LAME Mp3 info tag."
"iTunes-encoded MP3 is gapless when played back in iTunes 7.0 onwards, 2nd generation iPod nanos, and all video-capable iPods with the latest firmware."
That said, I just encoded my ALAC rip of "The Dark Side of the Moon" with LAME, and listening with headphones in a quiet room, while foobar2000 played it back gaplessly and flawlessly AFAICT, the latest iTunes exhibited a tiny glitch between the first and second tracks. When testing, it matters in iTunes how far back I set the seek bar when monitoring glitches between tracks. If I set it just a couple of seconds before the end of a song, I'm pretty much guaranteed a substantial glitch when the next song starts. If I set it 10 seconds back, it's either perfect, or it has a very tiny glitch. For TDSOTM and the long setback time, only the track 1-2 transition suffered any glitch at all with MP3, and it was very slight. OTOH, the ALAC originals and AAC versions I made were completely flawless for long setback times, including the track 1-2 transition, but they too exhibited glitches when the setback time wasn't long enough. This is on Windows 7x64. No idea how it behaves on a Mac.
So, for the album I tested, while iTunes wasn't perfect with MP3, it was pretty darn close. If close isn't good enough, well, then you're back to considering the loss in quality when converting MP3 to AAC, which is what the bulk of my message was about, trying to determine if it will be noticeable or not.