Summary: Personal Experience Using this projector in my basement with blinds that block out most light, it is a perfect replacement for any TV. I've had it running for alost 3 months now with no problems, aside from the PS3's HDMI lost sync, but that's not the projectors problem(A noise filter on the power line should fix the PS3's problem). Quiet, Bright, Sharp and very cost effective.
Summary: I love this projector except for one caveat - Rainbow effects. Apparently I am susceptible to them. It is evident where there are small strips or flashes of bright light or where there are bright highlights on objects in darker scenes. Don't let that dissuade you from trying this projector. You may not notice them at all; my wife doesn't.
Pros: Calibrates Well, Decent Blacks, Decent Picture Out Of Box, Easy To Set Up, Good Remote, Intuitive Controls
Summary: This is my first projector and I'm totally impressed with the image quality. Image is very sharp, dynamic range is good and colors seem fairly precise. Black levels are not very dark, but this is not relevant in my settings. If you have white walls, the reflections from the screen will light up the room anyway. I can barely see the difference between the projector blacks and parts of the screen that are not being projected on.