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One difference between the two is that you can sit closer to the screen with the 300 due to the smaller pixels/reduced screendoor.
In theory, there shouldn't be any difference due to the resolution of DVD as you've already mentioned, but those who've seen the higher res projectors say that there seems to be a smoother picture when compared to the lower res one.
If you're seated further back than 2 times screen width, I think the resolution differences become reduced, at least, that's my experience.
Gary.
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