You might suspect that executives at tech companies spend a lot of time sitting around, trying to figure out what two pieces of consumer electronics they can cram into a single device. Case in point: the newest iPod nano, which was magically transformed into a pocket camcorder.

For its latest addition to the Coolpix line, Nikon has managed to squeeze in a pico projector. The S1000pj is the world's first point-and-shoot with a built-in projector. Take a picture or shoot a video with the camera, and you can display it on a nearby wall.

The projector isn't very powerful, and I can't imagine the demand for such a hybrid device would be huge, but it's neat nonetheless. The S1000pj comes out this month at a suggested price of $429. Check out a video of the camera/projector in action, after the jump.