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Re:Hands-On with Microsoft's New Holographic Goggles by wanderingstan on Wednesday January 21, 2015 @03:55PM (#8925698)
LCD panels work by filtering out light emitted by a near-white backlight. If they are bouncing around th incoming light, they could be running it through such a panel to dynamically reduce light by color. They could then selectively add light using existing backlighting setup. Its at least theoretically possible, and I'm hoping that they've actually accomplished something like it.

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