OK, it certainly isn’t a match for dedicated home theater projectors in color accuracy, and those susceptable to the Rainbow Effect, will definitely have a problem with the Dell.
On the other hand, colors in Movie mode are pretty good, and skin tones are respectable. As an added bonus, the Dell is brighter than most home theater projectors, even in its relatively less bright Movie mode.
Fan noise, as noted above, in Eco-mode, is typical of many DLP home theater projectors in full power mode, but then, it is also brighter than most of them in full power mode. With the Dell set to Movie, and Lamp on full power, it definitely is a bit noisy, but then you won’t really care if you are watching sports, when you want the most brightness.
All considered, it does a very decent job as a business projector you want to take home to use occasionally, for a little entertainment.