People "familiar with the matter" have confirmed for the Wall Street Journal that LG will indeed be placing a 5.2" display on a device destined to be called Optimus G 2.
The publication continues that this might indeed be the same "world's slimmest" 1920x1080 pixels LCD panel that LG bragged about developing recently. LG calls its technology Advanced One-Glass-Solution (OGS), as dual flexible printed circuits are inserted between the panel and touch film, reducing by 30% the number of lines.
Each pixel contains regular RGB sub-pixels, and the display sports the pretty high 535 nits of peak brightness, as well as a high contrast ratio for easier readability. Watch the 5.2" panel in action outside in this leaked video below, and summon up your patience until August 7th, when it will all be revealed.
source: WSJ
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