Thanks for the comments Brad. Initially I had the stripe wider than it is now, and cut it down quite a bit. Currently it is at 2'2" wide. I'll play with it a little more to see how it looks with a narrower stripe.
I was also concerned about the gold being distracting and reflecting a lot of light from the PJ. After doing some searching for lighter colored HTs a few months ago, I found that most people who used lighter colors didn't really find them distracting, and there wasn't as much reflection as they thought there would be. Specifically the
Chasen the Dream Theater. Lots of yellow in there. He was kind enough to provide a screen shot of it with the lights off during a movie (
Screen Shot), and that doesn't seem distracting to me at all (Heck, I'm not even distracted by the current white primed walls right next to the screen during "testing"

...) Hopefully with the front walls immediately adjacent to the screen being all black without a stripe, that would make it even less noticeable when the lights are out.
Funny you should mention the logo. The first thing my youngest son said when he saw the mockup was, "You should put a black Tigerhawk on the back wall in the middle of the gold stripe". Definitely under consideration...