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That sounds like an idea for another distro.
Like MineForeman and MinePeon builds, the MineForeman watches all the MinePeon's. Handles all the display, statistics, and alerting. This would keep the MinePeon build slim and clean. Sorry... Just thinking out loud. 
That's what miner.php already does - the only reason I didn't extend miner.php to use the LCD was php doesn't support direct usb by default That sounds like an idea for another distro.
Like MineForeman and MinePeon builds, the MineForeman watches all the MinePeon's. Handles all the display, statistics, and alerting. This would keep the MinePeon build slim and clean. Sorry... Just thinking out loud. 
So yes, it can be done ...
Wow, I'm glad to see such positive responses to the USB LCD script
My guess is that the ColdTears Electronics guy's selling those out of Hong Kong are gonna be pretty happy too. LOLBTW, the link already posted by "stellan0r" is correct:
http://www.ebay.com/itm/121004607232?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649
NOTE: They also sell a different display that is slightly more expensive. It's marketed as a "gamer gadget" or "LCDsysinfo for GOverlay". DO NOT BUY THAT ONE! After digging through their documentation, I'm pretty sure it won't work with the cgminerLCDStats code.
Thanks to "Malakai" for the info on getting this to auto-start. I knew that question would be asked. I'll add that to the installation readme. (Up till now I'd just been opening a new screen, but I knew I'd want it to auto-start at some point.)
It's cool to see all the enhancement ideas people are having. I really like the ideas about monitoring more than one system I gotta think more about that.
After seeing everyone else's photos of the running display, I'm feeling a little "hash power inadequate". Maybe I'll start blurring out my pathetic hash numbers in future photos ROLF! j/k
Enjoy it y'all, and I'll try and keep useful enhancements coming.