What is this tiny Apple touchscreen device for?

If tw.apple.pro is to be believed, this is another leaked piece of an upcoming Apple product. What you are looking at is a 1.2-inch by 1.2-inch touchscreen display. Of course, that leaves us wondering, what the heck would Apple do with a touchscreen display this tiny? Could this be the display for the next iPod shuffle, finally bringing visual cues to that device? Could it be for an upcoming remote control? Or a watch? Something else? Let us know your thoughts!