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If you are getting it cheap enough then go for it, I used to have a VPL-CS1 which sounds like it a similar spec and it got me started off.
It's a business class PJ, so expect to see a little screen door if you are sitting too close and the blacks won't be great, but you should have good bright picture. I kept mine for a couple of years and I loved it.
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Cheers
Michael
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