I initially debated between an LED projector like the Favi RIO and a lamp projector - so glad I settled on this one. Shows a great picture in a room with lights on, mainly using this for Disney movies and TV shows, as well as streaming netflix.
This isn't a 1080p image, so look elsewhere if you just have to have the sharpest image possible - but if you're just interested in watching good looking movies on a big screen this is your projector. For the prices it's unbeatable.
I bought a mount -PCMD Projector Ceiling Mount for Acer X1161P
that works very well - highly recommend it for this projector - much better (and cheaper) than generic mounts.
Also bought 50' of composite cable for a tv signal from our tuner to the projector (we have an older tv that needed a digital tuner).
True, there is no audio in. No big deal. I bought a 2.1 sound system for $27 Insignia 2.1 Computer Speaker System NS-PCS21
, used the aux in with a volume control for the TV tuner and DVD audio and plugged it into my laptop for neflix etc.
All of that for under $400 - a complete home theater system that I can also take outside during the summer for block parties or whatever. Definitely worth the money for my application (movies for my kids, netflix).