I was deciding between this projector and a TV for around the same price. I have no regrets going with the projector. I basically have a theater in my room now. The colors a great, and this may be the first time that I actually cared about 720p vs 1080p. Setup was super simple, and very flexible with where I placed it. I thought the light during the day may have made this useless but I was also able to watch things with my shades up. Of course it looks significantly better when my shades are down but its nice to have that options. There are speakers in this projector which are great for when you need some sort of sound, but I would recommend getting a different sound system. If you have a place to project, can't go wrong with this one.
Note: I almost gave this 1 star less because the projector beeps REALLY loudly when it turns of and on. Turns out you can disable these beeps in the settings.