> For about a century, researchers and experimentalists have strived to bring glasses-free 3D experiences to the big screen. Much progress has been made and light field projection systems are now commercially available. Unfortunately, available display systems usually employ dozens of devices making such setups costly, energy inefficient, and bulky. We present a compressive approach to light field synthesis with projection devices. For this purpose, we propose a novel, passive screen design that is inspired by angle-expanding Keplerian telescopes. Combined with high-speed light field projection and nonnegative light field factorization, we demonstrate that compressive light field projection is possible with a single device. We build a prototype light field projector and angle-expanding screen from scratch, evaluate the system in simulation, present a variety of results, and demonstrate that the projector can alternatively achieve super-resolved and high dynamic range 2D image display when used with a conventional screen.
http://web.media.mit.edu/~gordonw/CompressiveLightFieldProje...
I'm pretty sure that femtosecond lasers aren't cheap either.
The wavefront generated by a true hologram contains not only arbitrary directional information, but also complete "positional" data, ie. changing with distance from the screen. The main thing that's prevented us from making true holographic screens is the massive resolution that they require (relative to displayed wavelengths), and it seems that the resolution they've achieved here is enough to create simple low-resolution holograms, though I don't see anything preventing the exact same technology from creating larger, more detailed holograms.
Someday we may have the displays we see in the movies at this rate.
https://www.youtube.com/watch?t=100&v=AoWi10YVmfE
In terms of what the projection feels like, this article explains that to some people the laser feels like sandpaper, and to some people it feels like a static shock:
http://www.popsci.com/secret-interactive-holograms-plasma-an...