I was curious if there is a way to get two displays on one projector. Specifically, two xbox 360's hooked up through on projector (one component, and one VGA, maybe) and then split the display between them so both xbox's can be played simultaneously.

Possible?

Tchnically, some projectors have picture in picture, or a mode that displays 2 video sources on the same screen.

Yup. Some plasmas do split screen also. PJ would have to support it.