That's too bad, we were really hoping to get a chance with the Beam. Even if you can't find use for the projector, it still has a 3.7" Super AMOLED screen, 720MHz CPU, Android 2.1 and 8MP camera with LED flash and HD video recording. Nothing to sneeze at, plus it has a 1800mAh battery because of the projector, and if you don't use it for that, it will serve you for long, happy hours.
With all the lights and action on the Galaxy S, Samsung has probably put any update and development plans for the Beam on the backburner. Samsung Singapore has confirmed that the handset is not on the schedule for an upgrade from Android 2.1 to Froyo, since it has a limited customer base, and that doesn't justify allocating resources to it. Yes, Samsung, we know your track record, just release the source code already, so Xda-devs can start working on it, ok? Have a look at the video below for the Galaxy Beam in projecting action.
Samsung Galaxy Beam Specifications