Wired.com author Jon Stokes wrote an interesting article back in August about how the display screen industry was going to change (Wired.com). As consumers we are consistently becoming more obsessed with how clear the picture is on our TV screen, computer screen, or smart phone. Not an HDTV? Why buy it? Can’t see pictures and video crystal-clear on your cell phone? Get a new one!! The push for the better picture is constant and relentless.
The technology spoken of toward the end of Stokes’ article (Organic LED) is supposed by the author to be the next great thing in display technology. OLED’s do not require the use of a backlight, like regular LED displays, and therefore can be extremely slim – as small as a couple of millimeters. They also have much better contrast ratios, and run on less power than traditional LED displays.
So why haven’t we seen OLED large-screen TV’s? Why are we still using this sub-par technology? The answer (as always) lies in the cost. Currently, it is not economically feasible to produce these displays en masse, nor is it feasible to produce them in large sizes. This stems from the problem of making the substrate onto which the OLED pixels are printed. The pixels must be printed on the correct substrate in order to perform correctly, and while the actual printing could hypothetically be done with an average laser printer, the substrate itself is much more complicated to produce.
If the problems with the production of this technology could be ironed out more effectively, I think it could easily outpace LED displays in no time. Samsung has already presented a prototype of an OLED laptop. 
Yes. It is translucent. Yet another use for this technology, as the author of the aforementioned article says, the pixels can be printed on completely transparent surfaces, enabling one to have a window in the house double as their TV.
The only area in which I disagree with the author of the Wired article is that OLED, LED, and E-Ink will coexist together in each household. I think it will take some time for OLED to catch on and be economically feasible for companies to produce, but once it does burst onto the market, I don’t think there will be much stopping it from taking over. Better image quality than LED HD displays, no backlighting so the screen will be easier to read, I just don’t see where this technology can go wrong! Who knows, in 20 years we may be carrying around OLED computers the size of credit cards instead of our oh-so-indispensable smartphones.