Set up was easy enough but a little time consuming as the settings where totally off. I believe everyone using this projector primarily for home theater will and should set the bulb to standard. The extra lumen will come in handy however when using the 3D glasses to view 3D content.
Once calibrated, picture quality was very impressive for a 720p projector. Blacks were black enough, color and shadow, rich and detailed. The projector does a good job (imo) of scaling 1080p content. I have two Blu-ray players and the projector showed Blu-ray content a lot better with my Philips player so like everything else the source is important. Optoma GT750E
Overall I'm very happy with my purchase. Couldn't convince the wife at this stage to let me spend the extra money on a 1080p projector, so I was already looking at the HD65. I was encouraged by what was being said by the very early adapters that had pulled the trigger on the dedicated AV forums (God bless them). Early veiwings included Iron Man and Transformers, and Walle and UP for animation, all in Blu-ray on a 72" 16:9 screen and I'm truly impressed. The harshest critic is too, the wife. Picture is as good, if not better, than my Sanyo 42" 1080p plasma. I'm English; my wife is American so were now looking forward to the World Cup being shown in 3D. By the time the tournament begins hopefully the price of active shutter glasses will have fallen enough so were not passing one pair around the room to everybody.
I would recommend this projector to anyone looking for a ht projector in this price range.
(Also, as others have reported, the remote is not laid out well at all (although this would not sway my purchase decision, it is worth noting))