We reported the first time about the Laser TV technology in April 2006, when Mitsubishi announced their Laser TV developments.

A Silicon Valley based start-up called Arasor is also developing laser TV displays. Arasor demonstrated a Laser TV with full HD resolution in Australia apparently today. See the photo (source: The Daily Telegraph).
Arasor has Australian backers. This is the reason why the start-up got exposure down-under.

Arasor claims that Laser TVs will be 30% cheaper to manufacture than comparable sized Plasma or LCD TVs. Additionally Laser TV sets are about 1/3rd lighter than other flat panel TVs and use 25% less power.
The Laser TV technology offers 90% of the color gamut, which is dramatically more than Plasma or LCD displays can deliver.
Laser TVs should hit the market already next year.
More details on the Arasor site and in this article on the Australian The Daily Telegraph.