Is the Partnership between Apple and LG About OLED Display?

Smarthouse, citing a source from LG, claims that Apple is working on products based on OLED display, and among them a new notebook model as well as iPhone/iPod touch.

There are several advantages in using OLED display: much better contrast compared to LCD panel and lower power consumption as it does not need any back-lighting system. According to the rumor, the display of the new notebook would also be a multitouch screen interface. For sure, several of our readers will start dreaming of such device and its potential usages...