My father and I (he was a research engineer at GTE labs at the time) played around with LCD's as a shutter back in the mid 1970's when we experimented with making an electronic enlarger (long story, it sort of worked, but not very well). The LCD's we had available to us back then didn't come close enough to being opaque enough for film, though it did work well enough for B&W enlarging paper. Color paper (the purpose of the project) didn't like the LCD at all, but we never got to the color phase.
We were using a 5" high resolution CRT as an imaging device with the whole she-bang mounted in an old 2x3 Federal enlarger. Image capture was using a 2/3" video tube, a Pentax bellows and slide copier, and a 50mm f/1.4 SMC Takumar. The lens was the best part of the project...
We were just thinking too far ahead of the available technology...