Engadget: The DisplayPort 1.1 specification has been approved by VESA (Video Electronics Standards Association). The new digital interface standard is meant to replace DVI and VGA ports while co-existing with HDMI for HDTV connectivity.
As you can see in the picture above, it’s about the size of a USB connector yet offers 2x the performance of DVI in a much smaller package. Also included is HDCP 1.3 content protection to keep the Blu-ray and HD DVD camps happy.
The small size allows the interface to be included in smaller handheld electronics while enabling direct-drive LCD panels thereby eliminating the need for non-panel LVDS electronics in the monitor designs.
Of course it also supports pass-through of DVI and HDMI signals via simple adapters similar to DVI-to-HDMI variety on the market today.