AIPTEK Launches Ultra-Compact Pocket Projector PocketCinema Z20
This pico projector also has a built in HD camcorder

This seems to be a really cool device, as it combines two awesome functions. The built-in DV function provides HD (720p) recording with 8 mega pixels resolution, which should make it easier for you to record and share your special moment with friends and families by projecting immediately wherever you go. The Z20 has two lenses; the front side lens provides projecting function and the lens at the back cover is used for the camcorder.
Tiny, but seems pretty capable
The Z20 has some pretty neat features such as an internal memory of 2 GB, which can be expanded up to 32 GB with external MicroSD cards. It also works with a variety of external devices such as your laptop and external multimedia players via an A/V jack or even your iPod, iPhone or HDMI enabled devices through optional accessories. The battery life also seems to be up to the mark, as the Z20 claims to last for around 120 minutes on a full charge. You can recharge the battery via USB or the included AC power adaptor.
Here are the specifications:
Click to enlarge
The PocketCinema Z20 is priced at Rs. 29,990.

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