A new patent from Apple suggests they are working on pico projector technology, almost certainly to build into the iPhone, iPod, iPad or iSomethingElse.
The Original and Complete Patent (boring!)
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Additional information:
It might not be that Apple is planning to build a pico-projector into any product specifically, but rather that they are working on technology to allow a device (iSomething or MacBook, probably) interact with a projector. In other words, if one device had a projector, you could show content from another. Or, possibly, even show content from two devices at the same time. Maybe like a whiteboard application, but imagine that with pictures, videos or during a live presentation.
http://www.engadget.com/2010/03/18/apple-patent-application-offers-more-evidence-of-projector-plans/