I have been watching this thread since early August because of the breakthrough pricing on this true 1080p projector. All the specs looked good so I was waiting for the reviews to come in. The initial reviews were very promising, although some had complained that the BL were "middling" so I was hesitant as to whether I should buy the HD20 or wait for others to become available in the next month or two. Originally, I had been about to by the Infocus X10, but had some concerns about it as well.
I was browsing a particular web site of a wholesale/retailer located in Kirkland, WA almost daily hoping they might begin to carry the HD20. Early last week, I couldn't believe my eyes when I saw the HD20 listed on their web site! That's not all. It included a 106" Panoview Graywolf II and free shipping for a total of $999. The cheapest I've seen the Graywolf II 106" screen online is $299, so, technically, because I was going to buy a new screen anyway, the projector only cost me $699! In addition, they included a two-year warranty. I just couldn't pass up the offer. I ordered it, but then had to wait over a week before it shipped. No sooner had I ordered it when the HD20 was taken off their web site. It had been on their web site for less than a day! I was worried that there had been a mistake and my order wouldn't be fulfilled.
The projector and screen came yesterday in perfect condition. I was afraid that the screen could be damaged in shipping, but the shipper had been very gentle with it. After removing my 76" infocus white screen, I mounted the 106" screen and waited until it was dark (my theater room has too many windows for daytime viewing). I must say that the HD20 is very small. It has almost the exact dimensions of my Infocus 4805 I'm replacing. I think the build quality is very good, better than my 4805. I've heard people complain about the lens cover, but I find nothing wrong with it. When I turned on the projector, I found that the fan noise in eco-mode is very low. I would say it's lower than my 4805 (I use a small table for viewing). I found the settings out of the box to be very good. I stuck in the Blu-Ray version of Coraline and I was VERY impressed. The black levels didn't look "middling" to me. I found them to be perfectly acceptable. I put in a 480p disk upconverted through HDMI and, while no where near as sharp as the true 1080p disk, was very clean with no screendoor effect. I have to say I really like the Graywolf II screen. I think it is glass-embedded so it has a 1.8 gain. It has a luminous quality to it that I really like so far. I haven't tried to tweak anything yet. I have been using theater mode which seemed to produce the best blacks for me. I might try some of the suggested settings, however, my gray screen might make the settings a little off.
Anyone still concerned about the black levels shouldn't be worried. The image quality is fantastic! I see no reason whatsoever to spend more for a 1080p projector.