The way Slashgear describes the new OMAP4 based device, the three different displays and pico projector look as if they are going on to a sort of smartphone or tablet-based reader.

The significant bump in processing speed on the OMAP4 will be due to the dual 1GHz ARM A9 cores. Even though processing speed is increased, the chip set should also be more efficient giving users roughly 145 hours on a 1,000 mAh battery.

The video displays on the OMAP4 will allow for two onboard screens and an external display which can be used in place of the onboard pico projector. For example, if you want to watch a movie while keeping your browser and email open, you can plug your video out in to an external monitor. If an external monitor is not on hand, you can play your movie directly on to a flat surface via the built-in projector.

Read the rest at Slashgear.

According to Engadget, the MSI Projector PC blasts HD video at about the quality of a micro projector. They also mention that the brightness is notably a step above the pico projector levels.

Essentially, the MSI Projector PC is a micro projector with a PC and DVD drive built in to it. The plan is to pair it with their wireless mouse and keyboard for living room use. The advantages are merely novelty as one can easily plug in a laptop or PC to most pico and micro projectors as it is. MSI conveniently bundles up the idea in to one small package.