The Good:
It is a light cannon
Good color saturation
Excellent lens shift range
The Not So Good:
The 3D has notable ghosting and motion artifacts, regardless of what glasses I used (tried Epson's as well as Sony and a Chinese off-brand) and regardless of various projector settings.
Strangely, the professional magazine reviews claim excellent 3D performance and virtually no ghosting, but the vast majority of online user reviews complain of unresolvable and unacceptable 3D crosstalk.
The user reviews are correct.
The crosstalk also has the effect of making details look blurry. If you want 3D, DLP is the way to go. DLP pixels can move exponentially faster than LCD pixels, hence zero crosstalk inherent in the imaging chip.
Also, the contrast is a little bit lacking. Yes, the dynamic iris can give you better blacks in dark scenes. But dark areas in bright scenes look slightly washed out, as the iris cannot help you there and performance is limited by the native contrast of the LCD and optics.
In Dynamic Cinema mode after calibration, I was able to get a nice pop with acceptable if not great contrast.
Also, if you turn the Epson super white function off (as it is by default) almost ALL white levels are clipped on a 255-step contrast test panel, regardless of where you set the contrast! Thus, you absolutely need to have the Epson white feature on. (This was true for both Cinema modes, other modes not tested).
In summary, if you want 3D, go with DLP. Nothing else can do it right.
If you want great brightness and performance for standard fare at this price, the projector looks quite good post-calibration, despite leaving you slightly wanting for more contrast
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