thanks for the suggestions man, the answers for the following
1-screen is 120" , viewing distance is abt 14feet
2-do have a dedicated room
3-source content is 1080p from pioneer BDP LX52 for reg A discs and philips BD3000 for reg C discs
4-the mits does have very good black levels, pana may have richer colors
led pjs are way too expensive , and hardly researched much in the HT segment
And i have already choosen to upgrade my main spkrs in some time from the jamo c809 (its a crime to think of upgrading from the C809) to either the emarald physics C3.2 or the legacy focus HD:yahoo:
1- for a 120" be sure that you have atleast 10' celing in case you are planning to do a ceiling mount on the HC3800(no lens shift on mits). There are workarounds possible, but that should be done only if you are very strict on the budget like 1000-1500 only. Epson provides better flexibility..
1a) For viewing distance as far as 14', I feel you wont notice much difference between a 1080p and 720p content, so HD65 is also a good bet. In 1-2 yrs time you would get more source 1080p material(maybe our own desi DVDs becoming BDs) and better cheap 1080p projectors - the ones in 4000/5000$ range now coming down to 1000$ (look at pro8100 as an example)
2- For a dedicated room,without any ambient light, the mits would definately score over epson 8100, but would be at par with pana 4000(maybe pana would be better - check the latest review for pana 4000 on projectorreviews)
3-your BDPlayer is 1080p, but how many source BDs do you have in 1080p?
If the count is limited to 10-20, then I dont see the need to shut down HD65 just for those..
4-I too feel that epson 8100 is not much of an advantage with the extra 200$, the only use i see is placement flexibilty. The only 2 serious drawbacks for mits are - no placement flexibility, some units with serious issues in the 1st lot (lots of shutdown problems reported), heard nothing of that sort on epson 8100 on that.
If you have the extra 500$ nothing would beat the pana 4000 in that price bracket for the next 6 months..