I posted earlier about the AAXA first generation (P1) pico projector which I own and the 3M Mpro projector. Well I just got my P2 pico projector in the mail yesterday.
All I can say is this projector is WAY better than the P1 projector and I'm assuming any 12 lumen, 640x480 projector. I can finally use it with some light coming into the room now :D
I'm not really into writing reviews so I just took some pictures. I can definitely say these pico / micro projectors are improving quickly - they might even be able to replace home theater projectors in a few years!
Here's some pictures comparing the P1 to the P2. Notice the big improvement in brightness and color quality!
I forgot to add that this projector is 33 lumens 800x600 resolution. You can find the specs here:
http://www.aaxatech.com/products/p2_pico_projector.htm
I will take some more pics of it when I take it to the cabin this weekend :)