DLP set info, long and boring uness you want to know 
I've been a fan of DLP for years now, since I play video games on the big screen. DLP does not have the burn-in issues that other technologies have, so for me that was a selling point. (Get a phone call, pause the game, come back hours later and no damage. Whew!)
Basically, the way DLP works is pretty slick, it has a chip (or chips, now) with thousands of tiny mirrors on it, one for each point on the screen. As a point needs to be lit, the mirror tilts toward the bulb and reflects the light onto the screen. For colors, they have a spinning wheel with red, green, blue on it, so when the mirror tilts it shines through the color the 'pixel' needs to be. Pretty freakin' high tech stuff, I think.
Having said that, DLP does have some drawbacks. The big one, that gets all the press, is 'rainbows'. Some people are able to see a sort of 'rainbow' effect when watching stuff on DLP. I usually can cause it by turning my head quickly and using peripheral vision, but for those who see it easily head on it is a deal killer. Only way to tell is to watch something on a set and see if you notice the problem. I suggest bringing a DVD with dark, bright, and fast parts. Those three conditions are the biggest cause of buyer remorse in my experience.
I have had to replace my bulb once, at around the 4 year mark. Cost was $180 for the new bulb on my set. I didn't notice any real drop in light output until it went out, so I was pretty happy with that consistency as well. Downside on this, is mine has a 'bright spot' in the center of the screen. It is a rear projection thing, and I rarely notice it, but YMMV.
The only other thing, as mentioned, is size. It is basically a projection TV, so there has to be some depth for the projector part to get a good angle for the screen. It is not as light as LCD/Plasma, or wall mountable, but for me DLP was a nice choice that I am still happy with.

I've been a fan of DLP for years now, since I play video games on the big screen. DLP does not have the burn-in issues that other technologies have, so for me that was a selling point. (Get a phone call, pause the game, come back hours later and no damage. Whew!)
Basically, the way DLP works is pretty slick, it has a chip (or chips, now) with thousands of tiny mirrors on it, one for each point on the screen. As a point needs to be lit, the mirror tilts toward the bulb and reflects the light onto the screen. For colors, they have a spinning wheel with red, green, blue on it, so when the mirror tilts it shines through the color the 'pixel' needs to be. Pretty freakin' high tech stuff, I think.

Having said that, DLP does have some drawbacks. The big one, that gets all the press, is 'rainbows'. Some people are able to see a sort of 'rainbow' effect when watching stuff on DLP. I usually can cause it by turning my head quickly and using peripheral vision, but for those who see it easily head on it is a deal killer. Only way to tell is to watch something on a set and see if you notice the problem. I suggest bringing a DVD with dark, bright, and fast parts. Those three conditions are the biggest cause of buyer remorse in my experience.
I have had to replace my bulb once, at around the 4 year mark. Cost was $180 for the new bulb on my set. I didn't notice any real drop in light output until it went out, so I was pretty happy with that consistency as well. Downside on this, is mine has a 'bright spot' in the center of the screen. It is a rear projection thing, and I rarely notice it, but YMMV.
The only other thing, as mentioned, is size. It is basically a projection TV, so there has to be some depth for the projector part to get a good angle for the screen. It is not as light as LCD/Plasma, or wall mountable, but for me DLP was a nice choice that I am still happy with.

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