Actually I don't even know what OLED stands for or what it is! But here's a preview of what it looks like: 

 

 

OLED has some unique advantages over existing CRT, TFT and plasma display technology:

 

• The first advantage of OLED has to do with its relatively simple manufacturing process. Thus, a cheap way of creating large screens based on OLED technology.
• A completely new range of potential uses including screens woven into fabrics, OLED based watches and portable media players as well as electronic papers.
• OLEDs has better colors, better viewing angle (almost 180 degrees), they do not require backlight since the organic material produces its own light hence they require far less energy to operate (good for portable devices) and has better black colors (a problem with current LCD technology).

Sleek eh? Anyone wanna sponsor me one for testing and debugging? lol! For additional information, go here.