That's what I heard... here are some examples of the technology:
http://www.physorg.com/news3505.html
http://news.com.com/A+movie+projector+in+a+cell+phone/2100-11398_3-5951372.html
http://www.physorg.com/news3505.html
http://news.com.com/A+movie+projector+in+a+cell+phone/2100-11398_3-5951372.html