Enhancing contact lenses with electronics seems to be a topic that has gained research interest. Smart contact lenses for health and head-up displays article the litany of research projects underway in the field of contact lens enhancement. Sensimed has already contact lens with surface-mounted strain gauge to assess glaucoma risk. Those medical measuring lenses have lacked display.
I wrote to years ago at Augmented Reality in a Contact Lens posting that researches are developing a new generation of contact lenses built with very small circuits and LEDs.
The news today tells that the idea of those contact lenses has progresses. Electronic contact lens displays pixels on the eyes tells that the first contact lenses containing electronic displays into the eyes of rabbits as a first step on the way to proving they are safe for humans. US and Finnish team says that they have demonstrated the operation of a contact lens display powered by a remote radio frequency transmitter in free space and on a live rabbit.
The test lens was powered remotely using gigahertz-range radio-frequency energy. The power transmitter was placed ten centimetres from the rabbit’s eye and RF energy was picked up on the lens with 5-millimetre-long antenna printed on the lens. The test lens had only one pixel.
Now we have to wait displays with good resolution become available some day. Maybe some day they can replace some larger displays…

Amazing Blog. I’m going to remember to visit routinely.
[...] EYEWARE FASHIONEYEWARE FASHIONDisplay in contact lens [...]
The previous comment points to page that tells about Bates method to improve vision.
The Bates method is an alternative therapy aimed at improving eyesight.
Despite continued anecdotal reports of successful results, including well-publicized support by Aldous Huxley,[2] Bates’ techniques have not been shown objectively to improve eyesight,[3] and his main physiological proposition – that the eyeball changes shape to maintain focus – has consistently been contradicted by observation.[4] In 1952, optometry professor Elwin Marg wrote of Bates, “Most of his claims and almost all of his theories have been considered false by practically all visual scientists.”[
Source: http://en.wikipedia.org/wiki/Bates_method
Biotechnology: Smart contact lenses exploit the unusual characteristics of the eye to diagnose disease, deliver drugs and more besides
http://www.innovationtoronto.com/2011/06/biotechnology-smart-contact-lenses/
Somewhat related technology, but not this time (yet) using contact lenses:
Google’s HUD glasses have been sighted
http://news.cnet.com/8301-1023_3-57372312-93/googles-hud-glasses-have-been-sighted/
In December, rumors spread that Google was finishing up a prototype on high-tech glasses known as wearable head-up displays (HUD) that could tap into Google’s cloud-based location services and detail users’ surroundings. The information would then appear as an augmented reality computer display.
According to 9to5Google, these glasses can do all that and more. The glasses will reportedly have an extremely small front-facing camera with a flash to gather information and take photos, a navigation system that is used by head-tilting to scroll and click, I/O for voice input and output, and CPU/RAM/storage hardware nearly equivalent to a generation-old Android smartphone.
HUD Google Glasses are real and they are coming soon
http://9to5google.com/2012/02/06/hud-google-glasses-are-real-and-they-are-coming-soon/
Alleged details about Google HUD eyeglasses surface, public beta said to be in consideration
http://www.theverge.com/2012/2/6/2775959/google-hud-eyeglasses-alleged-details-public-beta-consideration