I have a Panny - AX100. The picture is stunning, you have to really stand up close to see any pixels, I'm projecting onto a 106" screen. The only thing that bothers me about this projector is how the hours rack up on the lamp life, I'm sure it adds an hour every time its switched on - someone may want to correct me on that?
You might want to hang on for the AX200, I believe this projector is more suited to Xbox 360/PS3 and also has an extra HDMI input, for not much more than the AX100. Incidentally, I'm also running a 360 and PS3, I'm really happy with the picture, no complaints.
Just a point about the DLP, there is no lens shift, whereas the Panny is very flexible.