Favi Entertainment announced today, the release of their latest pico projector, the E3-LED-PICO. The specifications on this device are limited, but we do know that it supports WVGA (848 x 480) resolution, 50 ANSI lumens, and a 2000:1 contrast ratio. Some writers think that this projector might be a re-branding of the Aiptek PocketCinema V50, which features the exact specifications and a similar design. The V50 has been available for some time now for a retail price of about $290. The E3-LED-PICO is set to retail for $350.
[via Pico Projector Info]