This week, Roku and 3M have teamed up to launch a unique type of streaming video player. The device is what 3M is calling a “Streaming Projector.” It functions as a normal Roku video streaming box, with the requisite Netflix, Hulu, Amazon Instant, and other streaming services. However, the box also has a built-in projector.

The Streaming Projector is “small enough to fit in your hand,” according to 3M. It is able to project an image of up to 120 inches and can function on battery power for up to 2 hours and 45 minutes. It has build-in stereo speakers, but the audio out for headphones or external speakers is probably a better bet for viewing, considering the device’s size.

“We’ve worked very closely with the 3M projector team to ensure consumers get the best streaming experience available from a projection device” said Chas Smith, general manager of Roku’s Platform OEM division. “The 3M Streaming Projector creates a big-screen Roku experience for people to enjoy content in any setting.”

This all sounds amazing, but there some caveats. Most importantly, while the device will display a 120-inch image, the image resolution is only 800 x 480, according to Boy Genius Report. So, this isn’t anywhere near a replacement for an HD projector or display. Also, the device is currently selling for $299, which is far above the price for a normal Roku HD box.

“With the 3M Streaming Projector, parents can recreate those epic movie memories from their childhoods that can be experienced through the magic of projection,” said Mark Colin, general manager of 3M’s Mobile Interactive Solutions division.

If anyone reading this can decipher what exactly Colin means by that statement, feel free to leave a comment below and fill the rest of us in.