The iPhone has certainly changed the way people looked at smartphones, never mind that it isn’t the perfect piece of hardware (yet). This has not stopped designers from working on futuristic versions of the iPhone, with this aptly named Next Generation iPhone taking the spotlight this time around. It is an iPhone that is strapped to your wrist, while you project the display to your palm. Sounds rather retro-gressive to us, as it will definitely require a whole lot more juice, and with a projector that small built right into it, it definitely isn’t going to be the hardiest handset around. What about things light automatic brightess control? Something this small would probably be useless under bright light areas as per our experience with pico projectors.