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Hi Rachel,
Projector bulbs have a limited life span and are expensive to replace.
Also the projector is undeniably more difficult and time consuming to install if you plan to ceiling mount it?
50" plasmas offer a better picture, but LCDs are catching up and generally consume less power.
I'd recommend a visit to the nearest showroom just to check out the competition.
Kind regards,
Bill.
Rachel,
I have a projector and a 55 inch Sony SXRD tv. Allthough the TV has a better picture, the scale of the projector (110 Inch) is more impressive.