Is this "transflective" concept and technology dead now (commercially, R&D, etc.)? For a long time, I was waiting for a responsive display that I could read like a piece of paper.
While I have not been following in detail anymore, I have not come across anything significant.
Note though that making it paper-like requires just a reflective display. Transreflective is needed only when it also needs to function as an emmissive display or needs a backlight.
Reflective displays suffer from poor colors as the pixels get divided into RGB areas, which is contrasting with a color print because the printer can put any color ink anywhere. This is the reason E-Ink, and every other reflective display has found it hard to develop good color.
I have longed for a responsive color, paper-like display for long also.
Mirasol was one promising technology for that (latest demos could get excellent colors as it also did not need to subdivide pixel area into different colors, as colors were created using interference). However, there is no activity on mirasol for the last several years.