Okay, fine. So I'll be on screen (mirrored) and everything that is a hologram in front of me will also be on the screen (mirrored), but there is still no freaking way that anything that is on the screen will look anywhere near "high quality" when it's spit out of a cheap projector. Even low-end projectors are over 200 bucks, and I doubt they would give any kind of reasonable quality that could not only be something you could use in a room with even the faintest of external light sources but also be able to be played without having to sit directly in front of it and for a price that doesn't make people look at this thing as a worse gimmick than anything Nintendo ever did with the Wii or otherwise.
I can play a game on my TV without sitting right facing my screen, so is this 3-D projection going to look as awesome to someone sitting at a 45 degree angle to the television? Is the silly camera even going to pick up that they are there in the first place?
This whole thing just screams "Virtual Boy In Glorious Technicolor". While Microsoft is trying, somewhat against the will of the public, to make the Kinect absolutely mandatory, this similar device looks more like Microsoft has a WiiMote so now Sony needs a Move.