While it's probably safe to say that the rush of pico projectors has slowed to a trickle, that's not stopping a few of the early entrants from dishing out new and improved models as the second wave builds. AAXA, the outfit responsible for serving up the pint-sized P1 back in February, is demonstrating exactly what a hasty refresh cycle looks like by dishing out the higher-res P2 just a few months later. The LCoS-based pico projector packs an SVGA (800 x 600) resolution, a 33 lumen LED light source, 1GB of onboard memory, a microSD card reader and even a built-in battery good for around 35 minutes of beaming (or in other terms, nearly two full episodes of Entourage). The device checks in at just 4.3- x 2.3- x 1-inches and sports a VGA input, 3.5mm headphone output and a mini USB socket to boot. Feel free to pre-order yours now for $349 -- or, you know, wait for a 720p model.