On the topic of small LED panels, Jason of Evil Genius Labs has been making some really small LED panels [0] with addressable 1mm x 1mm LEDs (yes, individually addressable AND only 1mm on each side!). Fitting 128 onto a 1" circle is pretty sweet.
I keep meaning to design some PCBs with them [1] but it's too far down my ever-growing list of projects to see the light of day...
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