LCD's days are numbered - that much is certain.
OLEDs are great, but there are some problems left to work out...
For one, they really are
organic, and they have this annoying tendency to actually
die. They lose half their brightness in just a year or two. It's the green and blue materials they're having the most trouble with, which means many current prototypes have a tendency to turn
pink, before they go dark. It's easy to make a beautiful prototype for a show like CES, but see what that Sharp display looks like in a couple years... it probably won't look so pretty. The first mainstream application for OLEDs is cell phones - which many people replace every 1-2 years anyway.
Another issue is size - just like LCDs, it's not so easy to make 'em big. That Sharp is about as big as most companies have been able to make them so far. They tend to produce uneven brightness over larger areas. I think Sony has some new technology that lets them make decent 17-inchers, but that's still a few years away from production.
But a
lot of companies are spending a
lot of money on solving these issues, and the good news is that everyone in the industry is very confident that solutions are on the way soon.
Samsung is already shipping phones in Korea with OLED external (small caller-ID) displays. Sanyo (working with Kodak) is trying to get a phone out by the end of the year with a large OLED main display.
Other promising LCD-replacements include
E-Ink and
iMOD. No matter which techs win out in the end, LCD is definitely going the way of the Dodo before too long...