Pico projectors have faded from the public consciousness a bit. There was quite a stir around them when they first hit the streets, but people have started to realize that a projector on its own isn't quite as awesome as the hybrid models that are still to come. That said, the new PK102 Pico Projector from Optoma looks very hot right now. (via Engadget)

It's got 480 x 320 native resolution, 2,000:1 contrast ratio (doubled from the prior versions), a DLP engine, and 4 GB of internal memory. The PK102 also packs a few new connectivity options, like composite video input, and a universal VGA port.

Where this new Pico really beats its predecessor is price. While the PK101 cost a hefty $430 just last year, the PK102 only costs $229. Progress marches on.