Nikon today has announced the update to last year’s novelty S1000pj, the first camera with a built in projector. This year’s model ups the ante, and adds a lot of features to this concept that help to make it a much more appealing package. And then they made it cheaper. Hard to complain about that, isn’t it?

Key changes include an upgrade to a 14 megapixel sensor and a switch to a 3″ touchscreen LCD with twice the pixel resolution. And, on the projector front (you know, that big honky lens on the front that makes this thing unique), we’re looking at 14 lumens, up from 10, and it can now be used as an ad hoc projector for any JPEGS on the memory card, or can be hooked up to your computer and used as a projector for that.

And, let’s not forget these slick new colors on that much nicer looking body there, yeah? It’s good to see someone else taking visual cues from those nifty Olympus Tough cameras, which the design on this is admittedly very reminiscent of (*cough cough Stylus 750SW cough*).

It’ll be available yet this year, and it’ll debut at around $350, or about $80 bucks less that its predecessor did, and not much more than the S1000pj is currently at. Impressive.