At the heart of the first generation of this new television is an existing rear-projection technology called digital light processing. In the past, this technology, developed by Texas Instruments, used white-light mercury lamps as the television's light source. With laser television, separate red, green and blue lasers are used in conjunction with an HDTV chip, said Frank DeMartin, vice president for marketing and product development at Mitsubishi.These HDTVs should arrive in retail stores by late 2007. More info over at NY Times.
He and Mitsubishi engineers said this provided a new look in large-screen units, signaling a move to lighter, slimmer profiles for rear-projection television. In terms of performance, Mr. DeMartin said, laser television promises a greater range and intensity of colors. He said the new sets would be made with compact, sculptured cabinets and remain relatively light because the screens would be advanced plastics rather than the glass common in plasma television flat-panel units.
Mitsubishi to present laser-based HDTV

Later this week Mitsubishi will present the first HDTV that uses colored lasers to display bright, deep images on large, thin, lightweight screens.