Welcome to the first of a new generation of low cost home theater projectors. The Mitsubishi HD1000U (link to specs) looks to be one of the very least expensive new 720p resolution projectors hitting the market this fall. Right now it looks like an excellent overall value, although we may come to find over the next few months that this projector is just typical of the newest crop of projectors priced from $999 to $1999. Excellent out of the box color performance, and a bright image are its main strengths. The HD1000U cannot match the black levels of some slightly more expensive models, but, but does do a good enough job that all, but those demanding a higher level of technical performance, will not be bothered by the black levels. On the other hand, it does a very good job in terms of shadow detail, and is better than a number of more expensive projectors in this regard.