A follow up question. As the RGB LCD with buttons are sold out and I do not have the patience to wait I guess I need to settle for the single colored one.
So to the question:
Looking at this product:http://www.adafruit.com/products/772
the description mentions that it uses only two pins. so I guess I can use it as a break out and only connect it to ( I guess A4 and A5?) and to the power and ground is that a correct assumption? I do not want it to be a shield solution as Im trying to keep a minimal height.