Well it looks like the race for the first projector phone is over and the winner is the Epoq EGP-PP01. This phone is the very first commercially available projector phone. Retailing for under $550, this phone not only has a projector, but also has a touch screen display, camera, and a 0.5W speaker system. The projector is able to display a 30 inch diagonal display with VGA (640 x 480) resolution. It can either show pictures and video you have on the phone or you can connect it to a DVD player, PC computer, or laptop via USB port. The phone comes with a 2-3 hour active battery life, which is more than long enough for movies or presentations.
[via I4U News]