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The lens is the most expensive part of a projector, and I suspect that, at $999, you are not getting much of a lens, which will mean fuzziness at the edges and noticeable chromatic aberration. Studio quality lenses for HDTV cameras are in the tens of thousands of dollars. I think I would rather have an edge to edge sharp picture and 720p resolution than 1080p with noticeable lens aberrations.
One feature this project appears to forgo is lens shift. I don't see any controls in the photo and the lens doesn't look like it can move inside the front cowling. While I am impressed at the price points of 1080p projectors these days a projector that offers no flexibility of installation is a difficult sell for me.
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