yes but if you call epson and say the bulb dimmed or something, they send you a new one without a question. that is why they were offering it in the first place. scroll down and at the picture quality section, you will see him saying this. also remember ,Art loves Epsons because of black levels. I mean After using the Epson 6100, 8100, 8350 for the last 3 years and getting the 8700 yesterday, I will tell you the only difference in terms of picture quality, performance is the black levels and the iris working smoother compare to the low end ones. with Epson 6500 we get the same image projessor, same everything in terms of performance. the black level is going to be so similar, thats why Projector reviews say it is not worth the upgrade if you own the 6500 or the 8500.
but hey, they might have a sale for the christmas and make the 8700 even cheeper, then it is worth it. Projector people told me they have 30 days return policy on this and because the bulbs already have a few hours on them, they are not enforcing how much you use before you return. so But it now! and next 30 days if 8700 gets a deal jump on it and return it for full refund. all you are gonna lose is $20 shipment cost.
also I read both Procector Central and Projector reviews , reviews of all the 6500, 8500, 8700 and the conlusion is not that much difference. remember though I am talking from an surviving actors point of view. if I had a lot of money I would go for the 8700. Which I did go for a refurbished new one locally for only $800. if I didn't see that deal yesterday, I was going to order the 6500 tomorrow from Projector people. I already talked to someone from epson in irvine. they told me it was a great deal, because of full warrant and 6500 being an high end model
"Apparently a few small changes, done right, can take what seems to be a minor update, and turn it into a really improved projector. NO, those of you with 6500UB's and 8500UB's, you don't need to replace your projectors. This is a small improvement, but one that will really appeal to those most enthusiastic about their home theaters."