[bassman]

If you have the room projectors are awesome and not nearly as expensive, they can be of course but they don't have to be.

I just purchased a brand new InFocus IN72 for under $800.00
You don't even NEED a screen right away if you have a light colored wall.

The screens can be made or purchased. Of course they are the same as anything, you can spend a ton of cake or get something just fine. I think my screen was $300.00 and it works great.

The nice thing about projectors is that they have huge pictures, they're compact, portable, and can be totally hidden. Also if you ever have the need you can project a huge picture. I plan to do this in the summer. I am going to host a UFC party in my back yard and project the fights onto the side of my shop.

As for the picture quality, it's great! I don't have HD yet but the unit is ready when I do. There are probably better pictures available for a LOT more money but I am not complaining one bit. It looks awesome!
To get a 72" HD picture for under $2000.00 you just can't go wrong.

You have to keep a couple things in mind though. The the bulbs have to be replaced every year or so ($200-$400), you will need a cable box in order to watch TV and a stereo system for sound.