Rockchip showcased an ultra low cost Linux-based Miracast adapter at the Hong Kong Electronics Fair in April, and we learned the device was powered by Rockchip RK2928 with just 16 MB RAM, a small NOR flash, and would just cost around $10.
Rockchip demonstrated the device to Charbax at Computex 2013 in early June, and he uploaded the video yesterday. The demo includes showing off Miracast and DLNA support, with the device connected to an HDTV @ 720p. The adapter as a latency as low as 80ms. Rockchip representative explains that as long as it’s below 100ms it’s not noticeable for typical use (but it might be different for games). They used AMOI N828 smartphone for the demo, but Miracast is supposed to work with any Android 4.2 devices supporting Wi-Fi direct, although I’ve read several users’ reports indicating that may not be the case in practice. The price is so low, that it may eventually be bundled with smartphones “for free”. Alternatively, if you already do own a Rockchip mini PC, you can just do the same with WiFiDiplay app provided by Rockchip.