Re: "Tell me roughly about your investment, your tools, your expectations, and your subjective results."
Let me take some liberties and ask and answer a different question: "Using a 3D LUT CMS (e.g. Light Space) and eeColor box, can I see the same blu ray movie colors on my display as the director saw on their professional monitor during post production color grading?"
Short Answer: Yes, where the casual eye cannot tell the difference.
Last year, I simultaneously displayed Star Trek The Next Generation Season 2 Blu Ray on both my Penta 37" Grade 1 Broadcast Monitor (Set at 48nits) and on a 10ft wide Matte White Projector Screen (Light Space LUT Calibrated Epson 6010 projector, with eeColor,48nits). To the eye, the colors were identical. Both were LCD Technologies. I looked at many scenes. I was surprised on how close the colors were to each other. So surprised, I also used my PR
-670 Spectroradiometer and took x,y,Y readings off the projector screen and compared them to readings from the Grade 1 monitor and the values were really close. I even converted the values to RGB and the RGB values were close, within a click or 2. Nothing scientific, hand grenade close enough. No, I did not compare the projector's colors without the eeColor attached ... that thought never dawned on me.
Light Space CMS has been used in post production studios for years and has passed the test of time. The most notable was the Movie "The Hobbit". Personally, I was attracted to Light Space because of all the 3D and 2D LUT tools. The best way to explain the value of these LUT tools is to give a rather "extreme" example ... just for clarification purposes. Not only can one LUT calibrate a display or projector with Light Space, you can also (here's the controversial part) "Calibrate a specific movie to your display or projector screen." I've done it many times. For instance, I've created blacker than black colors so the black in outer space looks blacker without altering the nearby colors of stars or galaxies. This actually made the stars look brighter and outer space look blacker. I know that the eye cannot see below video black, but you can see blacker than black if you crank up the brightness control high enough. loooool. Definitely a "WOW" moment. That's the power of Light Space.
Basically, the value of Light Space tools (these are all post calibration tools ... things one can do after the calibration of the display is done) is it can surgically change any color to another color without affecting nearby colors ... under certain "controlled conditions". Light Space has an arsenal of LUT tools. How creative one is in using Light Space is up to you. For instance, connecTEDDD's and Iron Mike's creativity led them to develop third party products on the Internet that's used with Light Space today. I'm about to launch a new business, based partly on the huge potential I see in Light Space as well. IMHO, Light Space is the future for Home Theater calibration. Just read some of my past posts to give you a better understanding and an idea of how Light Space can open up a new world of calibration in the Home Theater market. You'll find more information at my website, once it goes live.
Iron Mike's list of equipment is the hot set up in order to get started with Light Space. Good luck.