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From what I can see PJs arent the amazing bargain they used to be.
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It all depends on what you mean by an amazing bargain - when I got into digital projectors first (around 2002) the Panasonic AE100 was the projector which opened up the home cinema market (there's a huge thread lurking here, maybe on the archives where lots of vets cut their teeth) , up to then lots were using projectors designed primarily for office applications (Infocus and NEC). The AE100 was costing us £1200-£1400 for an 848x484 LCD projector with it's fair share of issues, guys with 1280x720 projectors were in the "big leagues" - I can remeber going to see an Infocus 7205 and being blown away by the difference and CRT was still king for image quality.
The same money will now get you into the lower reaches of full HD, considerably less than that for 720p, all with image quality and reliability far in excess of what was the norm a few years ago. Read Phil Hinton's review of the Infocus IN80 and see how far things have come along.
The reality is that image quality and reliability have improved dramatically and prices have fallen in real terms over the last 5 or 6 years, exactly what you would expect to happen when you consider the normal development path of entertainment technology.
I have never believed that it is rational to make a comparison between LCD/Plasma and a projected image, I have a Panasonic Z81 and it produces a very different image than my projection setup, benefitting from far higher contrast and fullHD over a 42" screen as opposed to lower native contrast, 720p over a 100" screen.
At the end of the day for a "movie" experience I'd always opt for a projected image, I was using an 8mm projector watching silent "penny dreadfuls" back in the day !!
Ritz.