There have been numerous times when we have speculated how easy it would be to watch a movie on a big screen or give presentations at a moments notice, all thanks to pocket projectors - which would also be embedded within cell phones. But until now, it was all just talk.

3M is planning on changing that talk to reality. The projector will sell for a mere $359 and wont have a speaker. Initial tests reveal that the projector is bang on the buck for a cheap home theater. The MPro110 is pretty basic looking on the outside—just a grey box. But it gets the job down. A VGA input lets you plug in a laptop; and the composite video jack will take output from a digital camera, PSP, iPod, iPhone, or most any handheld device (though video-out is still pretty rare on cellphones). A thumbwheel on the front allows you to focus.

The best part? It reaches American shores on September 30th, so its not just one more of those fancy products available only in the East. 3M is also hoping that it makes it to cell phones.

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