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I bought this for my theater, and I loved it. Very clear, sharp picture, great color and natural tones, and good black levels for the price. I couldn't believe such a good projector could be had for $600-700. But I am apparently very susceptible to the rainbow effect. Colorful movies like Finding Nemo looked fine, but any movies with strong light/dark contrast like Blade Runner or Dark City had so many rainbows, it looked like an acid flashback. Not everyone sees the rainbows, and neither my wife nor kids noticed it or knew what I was talking about. So if you don't notice rainbows, I say go for it. But if your budget allows, I'd recommend a slightly higher end LCD projector like the Epson 8345/8350 for $1,099.

Here is a detailed and balanced review of the PJD-7820: http://www.projectorreviews.com/viewsonic/viewsonic-pjd7820hd-projector-reviewrr2/
 
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