Epson seems to think it's hit the sweet spot with its new home theater projector, the PowerLite Home Cinema 720 HD (the PowerLite 400 is pictured), and it may very well be on to something. The 3LCD projector retails for $1,300, and packs in 1,600 ANSI lumens, a 10,000:1 contrast ratio, 10-bit color processing and fancy AccuCinema Color Management, and built-in lens shift. Epson doesn't mention the resolution, but we're guessing the "720" in the name means this 16:9 unit is shooting out 720p. There's a full complement of ports, including HDMI, and the lamp should last about 4,000 hours. The unit should go on sale later this month.