This is the first tiny Pocket Projector from 3M set to launch on September 30, In a dark room, it could project a big enough image to be the ultimate cheap-o home theater. The projector will sell for a mere $359. It doesn’t have a speaker, so you’ll have to get that separately.

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 standalone projector goes on sale September 30. In a year or so, 3M hopes to squeeze it into cellphones.

3M had been planning to make a formal announcement in a few weeks, which is why we held off talking about it. But their German division got so begeistert about the new product that they just spit out their own announcement.

3M Beats Everyone to the Micro Projector Business!

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