This is the best, easiest low cost home theater yet, and that earns it our Hot Product Award for Entry Level Home Theater Projectors.
The combination of very good color, brightness, and excellent contrast, is hard to beat. Better still, DVD performance is downright excellent, and the projector is very clean with HDTV sources, where the biggest distraction is likely to be the slightly visible pixels.
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I recommend sitting approximately 1.5 times screen width (or further), which, for example if you have a 110" screen would be about 140" back (less than 12 feet). At 2x screen width pixels are not visible (except maybe on the credits). If you don't mind a little bit of pixelization I would say 9-10 feet back will work with that, rather large screen.
The street price for the projector, which intially should be about $1400-$1500 makes this an excellent value!
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