Flanders Scientific were the main champions of dual LCDs in that market, and even they have phased out all of their dual LCD models in favor of QD-OLED ones now. I think they just brute force through OLEDs usual brightness limits by actively cooling the panel.
Those things are hot and very bright.
How does stacking displays let you get pixel level light emission of OLED or better blacks in general? The issue with LCD is that there is a display wide backlight so you have to actively block out the the backlight to make black. Even if there was some tech to stack something that added more blocking (I guess, adding another liquid crystal layer? Another polarizer? I admit to not really understanding the tech beyond a surface level, just trying to understand.), it doesn't seem to be the same tech as stacking OLEDs which is to get more brightness/less burnout. And if you mean stacking more light emission as in the case of OLED, that also wouldn't seem to contribute to better blacks.
The rear one is greyscale.
https://www.reddit.com/r/hardware/comments/w0u2rf/did_dual_l...
I must be wrong, because this sounds very trivial.
If I understand correctly, you're saying that there is a rear LCD that only either lets light in or blocks it without caring about the color? That's interesting. As for why they aren't investing in this then, it's might be at least in part due to the power usage which would make it unsuitable for battery powered devices such as the iPad mentioned in the article.