AVS Special Member
Join Date: Apr 2000
Location: W Simsbury, CT, USA
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I think you may have a tough time with that projector, since it doesn't have any adjustments for lens shift left/right/up/down, just the zoom. You could possibly make it all work with an anamorphic lens, but those are pricey and you didn't mention that, so I'm guessing you're hoping not to deal with that. The HTPC option (along with something like XBMC), should be able to rescale your 16:9 content down into a smaller, lower-res window inside your 2.35:1 screen, but as I just stated, that means losing lines of resolution. That projector you've got is 3D-capable, and I'm guessing you care about that and probably don't want to lose resolution when watching a 3D movie. On that note, I think a lot of (all?) 3D movies seem to be in 16:9 ratio, so that may be something else to think about. In short, you may be better off sticking with a 16:9 screen.
FWIW, I tried out the Epson 3010 before settling on my Epson 8350. For me, the 3D was neat, but had some drawbacks, and I really wanted lens shift so as to make my life a lot easier when installing it. Plus I knew ahead of time that I might seriously want to go with a 2.35:1 screen (still hemming and hawing about it), so I returned the 3010 and got the 8350 instead.
Edit: Another downside is that you wouldn't be able to watch movies via a non-HTPC source unless the movie was in a 2.35:1 ratio, since your Blu-ray player won't be able to rescale a 16:9 movie into a smaller window on a 2.35:1 screen.
I'd much rather watch a great movie in B&W at 240 lines of resolution than a lousy movie in 1080p with lossless audio.