Well, word is out that Apple may have struck a deal with Korean company LG to produce Organic LED displays not only for Apple’s iPhone and iPod touch but also for a new Netbook. No, your eyes aren’t deceiving you, a new Apple Netbook featuring OLED technology!

In case you’re new to our site, the benefits of ‘Organic Light Emitting Diode’ over ‘Liquid Crystal Displays’ is that with OLED you do not need a backlight as the individual pixels themselves produce their own light (aka, they glow) when supplied with power.

Without the need of a backlight, the display screen can be much thinner. This tends to make the colors more vivid, perfect for a nifty little Netbook. The downside of course, price.

The rumors can be traced back to Smarthouse, the Australian technology and media magazine who claim that ‘inside sources’ have slipped and released the info accidentally about two companies which are in talks to produce a 10 inch Netbook later next year, just in time for Christmas, and that this Netbook will feature an OLED touch screen made by LG.

Word is spreading fast, and although there is no way to confirm this rumor, it is creating much speculation and excitement over what the new Netbook will be like, how much it will cost, what operating system it will feature, etc. etc. etc.

Netbooks are generally a lot cheaper than standard laptops, retailing for less than $500. Keep checking back for your chance to buy one here as soon as they are available!