Aiptek, a Taiwanese company specialized in inexpensive networking components, just introduced a pocket camcorder called PocketCinema Z20. The Aiptek PocketCinema Z20 HD-DV Projector is based on RGB LED technology that provides up to 65-inch in 2 meter distance for projector images

This Aiptek projector is combines HD camcorder function and a pico projector. The High Definition Video recording of Aiptek PocketCinema Z20 is supports 720p HD video 1280×720p at 30fps and 5MP resolution in still images. It  comes with 2GB of internal memory and also a microSD card slot. There’s an A/V jack (that also supports VGA input) and an HDMI out. It is capable to connect to other portable devices like the iPhone, iPod, and cell phones. Aiptek looks to release the Z20 sometime in June for a retail price of $399.