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Optoma are very good projectors, AVF rate them. Hell, Apple sell them.
I've looked into these a lot for my dedicated room. Best option, find a local independent AV store that will let you try them out. There's one in York (Wall of Sound - they have two stores) who have a dedicated room. They are pricey, but you can get a feel for it. You want to compare the two types (DLP & LCD), a bit like LCD & Plasma.
I think I picked mine up for just shy of £800 many moons ago, the HD200X I have has only had 1 issue in the last 4-5 years and it was the colour wheel getting dirty (caused the image to stick to a colour) It's still on it's original lamp (Not that expensive to replace anyway) only negative thing's I'd say in comparison to a large TV is the noise of the fan, it's by no means loud but my PC is silent so it's audible.