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Join Date: Dec 2006
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This question is asked a lot, and the only answer is it depends and even then the "it depends" answer is subjective to what the viewer is expecting in terms of image quality. If you can keep the light away from the screen (pointed away), then it can work ok with some light, but it's complex and depends how much and how the light is bouncing back.
Sounds like you really are just after a large bright projector, consider a Benq w7000 or Epson 5010/5020 as these generally produce very bright images but also have the ability to go much darker if needed when the lights are dimmed. Another option is the Benq w1070 which is a semi-short throw (though there are shorter throw ones).
Any of these would probably work, but will the image quality beat a TV in ambient light, no way, but the larger size is more immersive anyhow.