Picture Modes
The IN1118HD has 7 factory preset picture modes. The above screen shots provide only a rough ideas of how accurately each mode reproduces colors. In general, the projected image was better than it appears in these photos.
The brightest picture mode, simply called 'Bright', produces poor colors, and while it may be a little better than shown in the 1st gallery photo above, the image has a strong green tint and all saturated colors within the image are very muted resulting in a poor image.
The 'Presentation' picture mode, 2nd photo above, produced a substantially better image than 'Bright' mode, but saturated colors in the original image were still rather muted.
The 'Video' picture mode, 3rd photo above, improved on the colors overall but with the default settings to image was too warm while the saturated reds and blues were still muted. As with most of the other picture modes on this projector, the greens appeared too yellow and the cyans were too green.
The 'User' picture mode, 4th photo above with it default settings, was somewhat similar to the video mode but with a little more neutral brighter greys and whites while the reds and blues were still muted.
The 'Whiteboard' picture mode, 5th photo above, had a fairly warm tone, but like most of the other modes reds and blues were muted and in this case the green and especially the yellows were really overblown.
The "Blackboard" mode, 6th photo above, was not evaluated on it intended surface (photo was using a white projection screen).
Finally, the "Beige Wall" mode was somewhat better on a white projection surface than several of the other modes, but still suffered from muted reds and blues with somewhat overblown greens and yellows.
The bottom line is I would rate even the best of the pre-set picture modes (i.e., 'Video') as just acceptable for general use, where videos and/or photos will need to be displayed along with the typical business Powerpoint briefing.
However, I would note that it is possible to improved the picture quality somewhat by making adjustments to the projector's available picture controls.
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Video Quality
The first 5 photos are screen shots from the movie 'Lucy', the second 5 are from the movie 'Casino Royale' and the final fire are from the movie 'The Fifth Element'. The projector was operated in 'Video' picture mode, but with a few adjustments on the 'Color' sub-menu as shown below (found under the 'Advanced' Menu):

Overall the picture quality with the above adjustments should be considered acceptable for most applications where color accuracy is not a high priority. Overall color balance was the greatest weakness of this projector. Image contrast was considered very good for this class of business projector, as is typical of DLP projectors and better than for 3LCD business models in this price range.