First Cell Phone Projector

I can't imagine a situation in which you would need a cell phone for projecting purposes. Asus have recently shown the world a prototype laptop projector. That's something people would rather use. But a cell phone projector? Use it for business? Who would take you seriously if you are pitching your presentation from a phone projector? Use it for fun? Project a movie while traveling? That sounds a little better. Video calls? Hmm

Chinese King have created this cell phone projector. We don't know who they ripped off, if they did, or what else it can do. This portable projector will beam a 640×480 megapixels at 30 inch for almost 2 hours. More if you connect it to a power source.

I'd like to know what else this phone can do. It should be smart enough to play video right? Also it should have a fast processor and some RAM to do all the work. What about documents and presentation handling? WiFi? 3G? If you happen to know more, feel free to share it with us!