Sony has demonstrated a 4" Rollable OLED Display at the at the SID 2010 International Symposium. While only a prototype the 432 x 240 pixel resolution display supports 16M colors while exceeding 100nits brightness and a 1,000:1 contrast ratio.
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No word if or when this will ever come to market but pencil sized cell phones can't be too far in the future.
More at PC Watch (in Japanese)