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These will be fabulous... in 5-10 years. LED technology (which may eventually even replace headlights on cars?) and solid state (to use the obsolete term) circuitry will eventually make pocket projectors work as well as at least the lower end home theatre projectors do today, and hopefully prices will drop too.
I can't wait for the day when you buy a DVD (or Blu-Ray... or whatever the fomat is at the time) player that has a projector built in that allows you to shoot a 60" image onto a wall and do it for about $200 or so. Oh, and have a "lamp life" of 100,000 hours or more. Better than paying $400 for a lamp now that lasts a mere 3,000 hrs, hunh?
I'm sure it'll happen. Hope so, it'll be fun. Projectors now are still awfully cumbersome and expensive to use by comparison to what the future may hold...