Despite the current state of the economy, Panasonic has confirmed that it will release an OLED TV within 2 years.

According to smarthouse.com.au Panasonic figures that they can do a better job than Sony and produce a Panasonic OLED TV with a 37″ screen and a lifespan of up to 50,000 hours.

These new Panasonic OLED TVs are to be built at the IPS Alpha factory and may be produced in a partnership with Toshiba.

There seems to be more positive OLED TV news the past few weeks. Can’t wait to see one of the larger sized OLEDs in the stores.

According to Smarthouse, LG will be introducing a 15″ OLED TV before Christmas this year and a 32″ OLED TV by June next year.

“LG is set to steal Sony’s OLED advantage with Company insiders in Korea telling SmartHouse that the Korean Company will have a 15″ for sale by Xmas and a 32″ in mid 2010.”

This is in addition to LG producing 15″ OLED displays for a new Apple notebook this year.

Pricing is expected to start a 2-3x the price of an equivalent size LCD TV. Even so, it appears that LG will have a 32″ OLED TV out before Sony has anything in that range.

Here’s a clip of the latest Sony OLED TV, a 21″ model only 3mm thick. No word on production or pricing yet.