Organic Light Emitting Diode, or Organic LED (or OLED), is the new LED. Sony got all this hoopla when they came out with their OLED television (pictured below). When the television was announced, there were claims that the TV reinvented black, defining new levels of contrast. The television has the same pixel density as a 40" 1080P LCD and is only 3 mm thick thin - since they need no backlight, OLEDs can be much thinner than regular LEDs. The television is 11" and runs at $2,500. Damn.