Man E, you heard the cleaned-up version. The real story is that the oil is actually a growth media for Nannites. When activated by the MPAA, these tiny cybernetic micro-organisms will crawl out of the projector prism on a seek-and-destroy mission targeting illegal copies of Hollywood movies.
I just bet all of you thought the Panamorph production delays were due to design and tooling changes. This was the "public consumption" cover story. The real truth is the Nannites needed to be enhanced to distinguish real MPAA logos from photocopies. This enhancement prevents clever Forum members from spoofing the "active copy protection" scheme.
For Panamorph owners who are worried about Nannite activity in their video collection, or even those members who wish to guard against the possibility of defective Nannites consuming legitimate MPAA-approved DVD movies, I currently am in the final development stages of a new Nannite counter-measure product. This is expected to sell for $500 and is strongly reccomended for all Panamorph owners.
Contest announcement: One free container of Anti-Nannites (sufficient to protect a 500-DVD colllection) for the AVS Forum member who suggests the best name for this product.
Gary