Yes, of course Keyword Planner tool is way better then old keyword tool. You will see more accurate results compare to old one - even you can compare results of some paid keyword tools as well.
It's definitely as accurate as it can be. The only reason G puts it there is so adwords advertisers can get an idea of where they should put their money. Some of these companies pile a ton of money into a single campaign so it's in G's best interest to make the keyword planner as accurate as possible. Anything less would leave an opening for yahoo or bing to get an edge on them from the advertisers' perspective.
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