Can't be, walks like a TFT, quacks like a TFT (backlight, color of turned off display)... Also, the image qole linked to clearly shows color.

But, why stop at the biblio, the crafty Japanese also made the Fujitsu F03A which packs the same resolution into 3.2". Or the Sharp 931SH with a brutal 1024x480 / 3.8" screen. I don't know who manufactures the eye-implants required to see all the pixels on these babies...