Well, got my HC720 and set it up today. I have never, ever, seen a projector with better build quality. This projector blows that ax200u out of the water in every aspect. The blacks on the HC720 are far better then the AX200u in their theater modes, and the shadow detail that this unit shows is the best out of any projector I have owned. Not to mention, convergence is %100 dead on accurate. Not a hint of any convergence problems. Also, this is the first LCD projector that I have had where on a white screen, there is no color shift through the entire image, and there is zero verticle banding. There is also no flicker, and this projector is SHARP.
I prefer the image of the HC720 over the mits HC6000. I am still in shock at the quality of this projector. Its just mind blowing. Thats saying a lot considering that I have seen and owned many high end 1080P and 720P units. Epson has a new customer!