Yes! It is possible! You can have a laser projector in your residential media room. Something you could see only in Sci-Fi movies a few years ago is now available on the market. Take a look:
http://www.hometheaterhifi.com/technical-articles-and-editorials/technical-articles-and-editorials/laser-light-sources-in-digital-projectors.html
Marc
www.HomeTheaterIntegrators.com