Hello Ashadur: My 27" iMac (Mid-2011), Mt. Lion 10.8.1, just started with this same issue a few days ago (today is 4SEP12). Here are the particulars for others affected.
1- Video suddenly goes black. Computer is still functioning, apps all running; its just like I invoked "sleep", but I didn't and keyboard or mouse will not "wake".
2- A hard restart (using the power button) will bring video back, but sometimes it goes black before machine is completely booted.
3 - Found that reducing screen brightness to 3 or 4 clicks above minimum brightness is, at least, a work-around. With display brightness reduced the panel has never gone black! If I turn up the brighness to normal (about 3 clicks from maximum) the panel will go black ususally withing 45 seconds.
4 - Found another user with this same issue that discovered that the keystroke combination Shift-Control-Eject coupled with some keyboard activity sometimes brings the video back. I've also found this to be true, but it usually blacks out almost immediately again.
5 - My machine is 1 year and 4 months old, with no AppleCare extended warranty. I spoke with AppleCare and the tech was not aware of this issue. He said, that so far, it was not a reported "Engineering Issue". He also said that IF it became an Engineering Issue, that any machine would be repaired by Apple regardless of warranty coverage.
6 - My only recourse is to make an appointment at a Genius Bar (100+ mile trip!!) and have them try to diagnose. Of course, I'll be out the repair costs, which I will not be able to afford since those reporting this same issue on both Apple Discussions and on other Mac Forums have reported that panel/backlighting replacments have solved the issue. That is probably a super-costly repair.
7- So... I'm likely stuck with using this machine until it quits at a much reduced display brightness. 😟 This is the first Mac I've purchased without AppleCare and I'm a charter Mac user (Jan 1984!). I let the one-year anniversary slip by and forgot! AppleCare will be in the cart on every purchase from here on out! Live and learn!