That's Pandora's box to an entirely new debate that I'll avoid...since its been debated by many before...but I have not drank the 1080p "significant" superiority koolaid yet, based on extensive hours of personal observations. Yup on all counts. The newest HD projectors create stunning imagery, and 1/2 or less the price of comparable projectors just 3 years ago. You can get a very impressive setup of projector and screen under $10K now, which is well below the $22K it took just 2-3 years back....and the technology keeps getting better as well each year. Once you've seen a quality 1080 projector image on a 116" (or larger) quality screen, its virtually impossible to go back to a measly 55" HDTV, I don't care how good it is. Mrs HDTVfan refuses to watch any movie of any kind anymore without seeing it on the projector in the Home Theater we built a few years back (my Avatar). No problem with the Wife Acceptance Factor (WAF) here. Like I said earlier...both Netflix and CinemaNow stuff is might fine there too.